The Long & Foster Market Minute

Focus On: Tuckahoe Housing Market April 2019

Zip Code(s): 23229
Units Sold
46
Active Inventory
63
Median Sale Price
$277,000
Days On Market
21
Up 2%
Vs. Year Ago
Down -27%
Vs. Year Ago
Down -17%
Vs. Year Ago
Down -5%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 46 sold this month in Tuckahoe Real Estate versus 38 last month, an increase of 21%. This month's total units sold was higher than at this time last year, an increase of 2% versus April 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 23 units or 27%. The total number of active inventory this April was 63 compared to 86 in April 2018. This month's total of 63 is higher than the previous month's total supply of available inventory of 61, an increase of 3%.

Median Sale Price
Last April, the median sale price for Tuckahoe Homes was $331,999. This April, the median sale price was $277,000, a decrease of $54,999 compared to last year. The current median sold price is lower than in March.

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


New Listings
67
Current Contracts
59
Sold Vs. List Price
100.0%
Months of Supply
1.4
No Change
Vs. Year Ago
Down -3%
Vs. Year Ago
No Change
Vs. Year Ago
Down -28%
Vs. Year Ago

Months of Supply
In April, there was 1.4 months of supply available in Tuckahoe, compared to 1.9 in April 2018. That is a decrease of 28% 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 67 homes newly listed for sale in Tuckahoe, which is similar to the amount in April 2018. There were 59 current contracts pending sale this April compared to 61 a year ago. The number of current contracts is 3% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Tuckahoe was 100.0% 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 22, a decrease of 5%.

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.