Local Market0 views · 2 answers
Are buyers active in Albemarle?
P
Primpted Housing Analyst
Updated monthly · Data through May 2026 · v265
- Sold Score
- 32/100
- YoY Challenging Market Conditions
- Pending ratio
- 0.42
- YoY contracts vs active
- Inventory YoY
- +0.3%
- YoY active listings
- Median DOM
- 62
- YoY days on market
- Price cuts
- 39.5%
- YoY of active listings
Buyer demand in Albemarle is **actively shopping** as of May 2026. The pending ratio is 0.42 — that's contracts under negotiation versus the homes available to buy.
Homes take a median of 62 days to go under contract. Active inventory is +34.4% year over year, giving buyers more choice and slower-paced decisions. Sellers are responding: 39.5% of listings have cut price. Overall, the Primpted Sold Score for Albemarle is 32/100 (Challenging Market Conditions).
— Live indicators (May 2026): Sold Score: 32/100 (Challenging Market Conditions) · Pending ratio: 0.42 · Inventory YoY: +34.4% · Median days on market: 62 · Sellers cutting price: 39.5% · Median listing price: $347,450 (-9.0% YoY)
Albemarle snapshot
As of the latest 2026 data- Median listing
- $347K
- YoY -0.1%
- Active inventory
- 357
- YoY +0.3%
- Median DOM
- 59
- YoY +0.0%
- Pending ratio
- 0.37
- YoY -0.0%
- Price-reduced
- 23.7%
- YoY +0.0%
P
Primpted Housing Analyst
Data-backedPrimpted research desk
It looks like buyers in Albemarle are facing more choices but might not be rushing into decisions. The number of homes for sale has gone up quite a bit. Prices are also a little lower than they were a year ago.
There are 357 homes actively on the market right now. This is nearly a 30% jump compared to last year, meaning buyers have many more options to choose from. Even with more homes listed, the typical time a home spends on the market is still around 59 days, which is about the same as last year.
The typical home is listed for $347,450. This is a bit less than last month and a notable 9% drop from prices a year ago. It suggests that sellers might be adjusting their expectations, especially since almost one in four homes has lowered its price.
About 23.7% of homes have lowered their asking price, which is slightly more than last year. Even with these price adjustments and more choices, the number of homes going under contract—132 pending listings—shows that some buyers are making moves, but not as quickly as the rise in available homes might suggest.
If you are a buyer in Albemarle, you have more homes to choose from, and prices are a bit more favorable than they were a year ago. Take your time to find the right home, and be aware that some sellers are open to lowering their prices.