Lakeside and Dumbarton Housing Market Data

There was an increase in total units sold in May, with 78 sold this month in Lakeside and Dumbarton Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is lower by 32 units or 28%. The total number of active inventory this May was 81 compared to 113 in May 2019. This month's total of 81 is lower than the previous month's total supply of available inventory of 95, a decrease of 15%.

Last May, the median sale price for Lakeside and Dumbarton Homes was $228,725. This May, the median sale price was $240,570, an increase of 5% or $11,845 compared to last year. The current median sold price is 2% higher 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.

In May, there was 1.0 months of supply available in Lakeside and Dumbarton, compared to 1.5 in May 2019. That is a decrease of 33% 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.

This month there were 66 homes newly listed for sale in Lakeside and Dumbarton compared to 115 in May 2019, a decrease of 43%. There were 74 current contracts pending sale this May compared to 99 a year ago. The number of current contracts is 25% lower than last May.

In May, the average sale price in Lakeside and Dumbarton was 100.7% of the average list price, which is 0.5% higher than at this time last year.

This month, the average number of days on market was 24, higher than the average last year, which was 21, an increase of 14%.





Focus On: Lakeside and Dumbarton Housing Market			May 2020

Zip Code(s): 23294, 23228 and 23230
Units Sold 78	Active Inventory 81	Median Sale Price $240,570	Days On Market 24

Up 7% Vs. Year Ago	Down -28% Vs. Year Ago	Up 5% Vs. Year Ago	Up 14% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 78 sold this month in Lakeside and Dumbarton Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is lower by 32 units or 28%. The total number of active inventory this May was 81 compared to 113 in May 2019. This month's total of 81 is lower than the previous month's total supply of available inventory of 95, a decrease of 15%.
		Median Sale Price Last May, the median sale price for Lakeside and Dumbarton Homes was $228,725. This May, the median sale price was $240,570, an increase of 5% or $11,845 compared to last year. The current median sold price is 2% higher 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 66	Current Contracts 74	Sold Vs. List Price 100.7%	Months of Supply 1.0

Down -43% Vs. Year Ago	Down -25% Vs. Year Ago	Up 0.5% Vs. Year Ago	Down -33% Vs. Year Ago


		Months of Supply In May, there was 1.0 months of supply available in Lakeside and Dumbarton, compared to 1.5 in May 2019. That is a decrease of 33% 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 66 homes newly listed for sale in Lakeside and Dumbarton compared to 115 in May 2019, a decrease of 43%. There were 74 current contracts pending sale this May compared to 99 a year ago. The number of current contracts is 25% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in Lakeside and Dumbarton was 100.7% of the average list price, which is 0.5% higher than at this time last year. Days on Market This month, the average number of days on market was 24, higher than the average last year, which was 21, an increase of 14%.


	Lakeside and Dumbarton are defined as properties listed in zip code/s 23294, 23228 and 23230.
	*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.
	Information 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.