The Long & Foster Market Minute

Focus On: Tuckahoe Housing Market June 2020

Zip Code(s): 23229
Units Sold
62
Active Inventory
39
Median Sale Price
$350,000
Days On Market
15
Up 5%
Vs. Year Ago
Down -43%
Vs. Year Ago
Up 5%
Vs. Year Ago
Down -21%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 62 sold this month in Tuckahoe 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 30 units or 43%. The total number of active inventory this June was 39 compared to 69 in June 2019. This month's total of 39 is lower than the previous month's total supply of available inventory of 40, a decrease of 3%.

Median Sale Price
Last June, the median sale price for Tuckahoe Homes was $332,000. This June, the median sale price was $350,000, an increase of 5% or $18,000 compared to last year. The current median sold price is 17% higher than in May.

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


New Listings
51
Current Contracts
47
Sold Vs. List Price
100.4%
Months of Supply
0.6
Down -2%
Vs. Year Ago
Down -16%
Vs. Year Ago
No Change
Vs. Year Ago
Down -46%
Vs. Year Ago

Months of Supply
In June, there was 0.6 months of supply available in Tuckahoe, compared to 1.2 in June 2019. That is a decrease of 46% 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 51 homes newly listed for sale in Tuckahoe compared to 52 in June 2019, a decrease of 2%. There were 47 current contracts pending sale this June compared to 56 a year ago. The number of current contracts is 16% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Tuckahoe was 100.4% 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 15, lower than the average last year, which was 19, a decrease of 21%.

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.