The Long & Foster Market Minute

Focus On: Tuckahoe Housing Market April 2020

Zip Code(s): 23229
Units Sold
35
Active Inventory
50
Median Sale Price
$310,000
Days On Market
8
Down -22%
Vs. Year Ago
Down -32%
Vs. Year Ago
Up 13%
Vs. Year Ago
Down
Vs. Year Ago

Units Sold
There was a decrease in total units sold in April, with 35 sold this month in Tuckahoe Real Estate versus 48 last month, a decrease of 27%. This month's total units sold was lower than at this time last year, a decrease of 22% versus April 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 24 units or 32%. The total number of active inventory this April was 50 compared to 74 in April 2019. This month's total of 50 is lower than the previous month's total supply of available inventory of 61, a decrease of 18%.

Median Sale Price
Last April, the median sale price for Tuckahoe Homes was $275,000. This April, the median sale price was $310,000, an increase of 13% or $35,000 compared to last year. The current median sold price is 13% higher 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
51
Current Contracts
49
Sold Vs. List Price
102.1%
Months of Supply
1.4
Down -24%
Vs. Year Ago
Down -14%
Vs. Year Ago
No Change
Vs. Year Ago
Down -13%
Vs. Year Ago

Months of Supply
In April, there was 1.4 months of supply available in Tuckahoe, compared to 1.6 in April 2019. That is a decrease of 13% 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 67 in April 2019, a decrease of 24%. There were 49 current contracts pending sale this April compared to 57 a year ago. The number of current contracts is 14% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Tuckahoe was 102.1% 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 8, lower than the average last year, which was 21. This decrease was impacted by the limited number of sales.

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.