The Long & Foster Market Minute

Focus On: Tuckahoe Housing Market October 2018

Zip Code(s): 23229
Units Sold
43
Active Inventory
97
Median Sale Price
$301,000
Days On Market
28
Up 5%
Vs. Year Ago
Down -22%
Vs. Year Ago
Up 16%
Vs. Year Ago
Down -7%
Vs. Year Ago

Units Sold
There was an increase in total units sold in October, with 43 sold this month in Tuckahoe Real Estate versus 39 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 5% versus October 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 27 units or 22%. The total number of active inventory this October was 97 compared to 124 in October 2017. This month's total of 97 is lower than the previous month's total supply of available inventory of 100, a decrease of 3%.

Median Sale Price
Last October, the median sale price for Tuckahoe Homes was $260,000. This October, the median sale price was $301,000, an increase of 16% or $41,000 compared to last year. The current median sold price is 5% lower than in September.

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


New Listings
40
Current Contracts
31
Sold Vs. List Price
98.0%
Months of Supply
2.3
Down -25%
Vs. Year Ago
Down -26%
Vs. Year Ago
Down -1.3%
Vs. Year Ago
Down -25%
Vs. Year Ago

Months of Supply
In October, there was 2.3 months of supply available in Tuckahoe, compared to 3.0 in October 2017. That is a decrease of 25% 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 40 homes newly listed for sale in Tuckahoe compared to 53 in October 2017, a decrease of 25%. There were 31 current contracts pending sale this October compared to 42 a year ago. The number of current contracts is 26% lower than last October.

Sale Price to List Price Ratio
In October, the average sale price in Tuckahoe was 98.0% of the average list price, which is 1.3% lower than at this time last year.

Days on Market
This month, the average number of days on market was 28, lower than the average last year, which was 30, a decrease of 7%.

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.