Albemarle Home Sales February 2011: Median Price Declines 14% YOY, Inventory Rises Daily

32 Single Family (Detached) Homes were sold (closed contract) in Albemarle County during February 2011.  34 sold in 2010.   

2011 February median price is down 14% over 2010 ($334.5k v $386.2k) -$52k

2011 January median price is down 10% over 2010 ($225k v $248.6k) -$23.6k

In 2010, 66% of all area sales were at the first-time price point of $300k or less.  There are currently 713 single family