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| Focus On: Tuckahoe Housing Market | February 2023 | ||
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| Zip Code(s): 23229 | |||
| Units Sold 19 |
Active Inventory 23 |
Median Sale Price $450,000 |
Days On Market 10 |
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| Up Vs. Year Ago |
Down -30% Vs. Year Ago |
Up Vs. Year Ago |
Down -33% Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in February, with 19 sold this month in Tuckahoe Real Estate. This month's total units sold was higher than at this time last year, an increase from February 2022. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 10 units or 30%. The total number of active inventory this February was 23 compared to 33 in February 2022. This month's total of 23 is lower than the previous month's total supply of available inventory of 28, a decrease of 18%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last February, the median sale price for Tuckahoe Homes was $336,350. This February, the median sale price was $450,000, an increase of $113,650 compared to last year. The current median sold price is lower than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 26 |
Current Contracts 21 |
Sold Vs. List Price 101.8% |
Months of Supply 1.2 |
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| Down -28% Vs. Year Ago |
Down -30% Vs. Year Ago |
Up 4.5% Vs. Year Ago |
Down -41% Vs. Year Ago |
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Months of Supply
In February, there was 1.2 months of supply available in Tuckahoe, compared to 2.1 in February 2022. That is a decrease of 41% 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. |
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New Listings & Current Contracts
This month there were 26 homes newly listed for sale in Tuckahoe compared to 36 in February 2022, a decrease of 28%. There were 21 current contracts pending sale this February compared to 30 a year ago. The number of current contracts is 30% lower than last February. |
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Sale Price to List Price Ratio
In February, the average sale price in Tuckahoe was 101.8% of the average list price, which is 4.4% higher 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 15, a decrease of 33%. | |||
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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. |
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