TUCKAHOE HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in August, with 36 sold this month in Tuckahoe Real Estate. This month's total units sold was higher than at this time last year, an increase from August 2023.

Versus last year, the total number of homes available this month is lower by 4 units or 11%. The total number of active inventory this August was 33 compared to 37 in August 2023. This month's supply remained stable as compared to last month.

Last August, the median sale price for Tuckahoe Homes was $530,000. This August, the median sale price was $428,750, a decrease of 19% or $101,250 compared to last year. The current median sold price is 9% lower than in July.

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

In August, there was 0.9 months of supply available in Tuckahoe, compared to 1.1 in August 2023. That is a decrease of 18% 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 31 homes newly listed for sale in Tuckahoe, which is similar to the amount in August 2023. There were 25 current contracts pending sale this August compared to 29 a year ago. The number of current contracts is 14% lower than last August.

In August, the average sale price in Tuckahoe was 104.7% of the average list price, which is 1.0% lower than at this time last year.

This month, the average number of days on market was 10, lower than the average last year, which was 11, a decrease of 9%.





FOCUS ON: TUCKAHOE HOUSING MARKET			AUGUST 2024

Zip Code(s): 23229
Units Sold 36	Active Inventory 33	Median Sale Price $428,750	Days On Market 10

Up Vs. Year Ago	Down -11% Vs. Year Ago	Down -19% Vs. Year Ago	Down -9% Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in August, with 36 sold this month in Tuckahoe Real Estate. This month's total units sold was higher than at this time last year, an increase from August 2023.
Active Inventory Versus last year, the total number of homes available this month is lower by 4 units or 11%. The total number of active inventory this August was 33 compared to 37 in August 2023. This month's supply remained stable as compared to last month.
		Median Sale Price Last August, the median sale price for Tuckahoe Homes was $530,000. This August, the median sale price was $428,750, a decrease of 19% or $101,250 compared to last year. The current median sold price is 9% lower than in July. 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 25	Sold Vs. List Price 104.7%	Months of Supply 0.9

No Change Vs. Year Ago	Down -14% Vs. Year Ago	Down -0.9% Vs. Year Ago	Down -18% Vs. Year Ago


		Months of Supply In August, there was 0.9 months of supply available in Tuckahoe, compared to 1.1 in August 2023. That is a decrease of 18% 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, which is similar to the amount in August 2023. There were 25 current contracts pending sale this August compared to 29 a year ago. The number of current contracts is 14% lower than last August.
		Sale Price to List Price Ratio In August, the average sale price in Tuckahoe was 104.7% of the average list price, which is 1.0% lower than at this time last year. Days on Market This month, the average number of days on market was 10, lower than the average last year, which was 11, a decrease of 9%.


	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.
	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.