The Long & Foster Market Minute

Focus On: Tuckahoe Housing Market May 2018

Zip Code(s): 23229
Units Sold
51
Active Inventory
81
Median Sale Price
$330,000
Days On Market
21
Down -15%
Vs. Year Ago
Down -22%
Vs. Year Ago
Up 8%
Vs. Year Ago
Down -13%
Vs. Year Ago

Units Sold
There was an increase in total units sold in May, with 51 sold this month in Tuckahoe Real Estate versus 45 last month, an increase of 13%. This month's total units sold was lower than at this time last year, a decrease of 15% versus May 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 23 units or 22%. The total number of active inventory this May was 81 compared to 104 in May 2017. This month's total of 81 is higher than the previous month's total supply of available inventory of 76, an increase of 7%.

Median Sale Price
Last May, the median sale price for Tuckahoe Homes was $305,000. This May, the median sale price was $330,000, an increase of 8% or $25,000 compared to last year. The current median sold price is 1% lower than in April.

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


New Listings
77
Current Contracts
63
Sold Vs. List Price
99.2%
Months of Supply
1.6
Down -7%
Vs. Year Ago
Up 5%
Vs. Year Ago
No Change
Vs. Year Ago
Down -8%
Vs. Year Ago

Months of Supply
In May, there was 1.6 months of supply available in Tuckahoe, compared to 1.7 in May 2017. That is a decrease of 8% 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 77 homes newly listed for sale in Tuckahoe compared to 83 in May 2017, a decrease of 7%. There were 63 current contracts pending sale this May compared to 60 a year ago. The number of current contracts is 5% higher than last May.

Sale Price to List Price Ratio
In May, the average sale price in Tuckahoe was 99.2% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 21, lower than the average last year, which was 24, a decrease of 13%.

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.