The Long & Foster Market Minute

Focus On: Tuckahoe Housing Market February 2019

Zip Code(s): 23229
Units Sold
26
Active Inventory
44
Median Sale Price
$258,250
Days On Market
52
Down -7%
Vs. Year Ago
Down -41%
Vs. Year Ago
Down -8%
Vs. Year Ago
Down -30%
Vs. Year Ago

Units Sold
The number of units sold remained stable in February, with 26 sold this month in Tuckahoe Real Estate. This month's total units sold was lower than at this time last year, a decrease of 26% versus February 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 30 units or 41%. The total number of active inventory this February was 44 compared to 74 in February 2018. This month's total of 44 is lower than the previous month's total supply of available inventory of 52, a decrease of 15%.

Median Sale Price
Last February, the median sale price for Tuckahoe Homes was $281,500. This February, the median sale price was $258,250, a decrease of 8% or $23,250 compared to last year. The current median sold price is 16% lower than in January.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
31
Current Contracts
29
Sold Vs. List Price
98.9%
Months of Supply
1.7
Down -26%
Vs. Year Ago
Down -3%
Vs. Year Ago
Up 0.7%
Vs. Year Ago
Down -36%
Vs. Year Ago

Months of Supply
In February, there was 1.7 months of supply available in Tuckahoe, compared to 2.6 in February 2018. That is a decrease of 36% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 31 homes newly listed for sale in Tuckahoe compared to 42 in February 2018, a decrease of 26%. There were 29 current contracts pending sale this February compared to 30 a year ago. The number of current contracts is 3% lower than last February.

Sale Price to List Price Ratio
In February, the average sale price in Tuckahoe was 98.9% of the average list price, which is 0.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 52, lower than the average last year, which was 74, a decrease of 30%.

The Long & Foster Market Minute Tuckahoe are defined as properties listed in zip code/s 23229.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by CVRMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of CVRMLS or Long & Foster Real Estate, Inc.