The Long & Foster Market Minute

Focus On: Tuckahoe Housing Market June 2019

Zip Code(s): 23229
Units Sold
59
Active Inventory
47
Median Sale Price
$332,000
Days On Market
19
Down -2%
Vs. Year Ago
Down -62%
Vs. Year Ago
Down -14%
Vs. Year Ago
Down -24%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 59 sold this month in Tuckahoe Real Estate versus 50 last month, an increase of 18%. This month's total units sold was lower than at this time last year, a decrease of 2% versus June 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 78 units or 62%. The total number of active inventory this June was 47 compared to 125 in June 2018. This month's total of 47 is lower than the previous month's total supply of available inventory of 61, a decrease of 23%.

Median Sale Price
Last June, the median sale price for Tuckahoe Homes was $385,250. This June, the median sale price was $332,000, a decrease of 14% or $53,250 compared to last year. The current median sold price is 18% 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
50
Current Contracts
58
Sold Vs. List Price
100.0%
Months of Supply
0.8
Down -38%
Vs. Year Ago
Up 21%
Vs. Year Ago
Down -1.2%
Vs. Year Ago
Down -62%
Vs. Year Ago

Months of Supply
In June, there was 0.8 months of supply available in Tuckahoe, compared to 2.1 in June 2018. That is a decrease of 62% 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 50 homes newly listed for sale in Tuckahoe compared to 80 in June 2018, a decrease of 38%. There were 58 current contracts pending sale this June compared to 48 a year ago. The number of current contracts is 21% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Tuckahoe was 100.0% of the average list price, which is 1.2% lower than at this time last year.

Days on Market
This month, the average number of days on market was 19, lower than the average last year, which was 25, a decrease of 24%.

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.