The Long & Foster Market Minute

Focus On: Tuckahoe Housing Market December 2019

Zip Code(s): 23229
Units Sold
38
Active Inventory
31
Median Sale Price
$305,000
Days On Market
31
Up 36%
Vs. Year Ago
Down -61%
Vs. Year Ago
Up 14%
Vs. Year Ago
Down -11%
Vs. Year Ago

Units Sold
The number of units sold remained stable in December, with 38 sold this month in Tuckahoe Real Estate. This month's total units sold was higher than at this time last year, an increase of 26% versus December 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 48 units or 61%. The total number of active inventory this December was 31 compared to 79 in December 2018. This month's total of 31 is lower than the previous month's total supply of available inventory of 56, a decrease of 45%.

Median Sale Price
Last December, the median sale price for Tuckahoe Homes was $268,475. This December, the median sale price was $305,000, an increase of 14% or $36,525 compared to last year. The current median sold price is 14% higher than in November.

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


New Listings
14
Current Contracts
29
Sold Vs. List Price
99.1%
Months of Supply
0.8
Down -26%
Vs. Year Ago
Up 32%
Vs. Year Ago
Down -0.6%
Vs. Year Ago
Down -71%
Vs. Year Ago

Months of Supply
In December, there was 0.8 months of supply available in Tuckahoe, compared to 2.8 in December 2018. That is a decrease of 71% 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 14 homes newly listed for sale in Tuckahoe compared to 19 in December 2018, a decrease of 26%. There were 29 current contracts pending sale this December compared to 22 a year ago. The number of current contracts is 32% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Tuckahoe was 99.1% of the average list price, which is 0.6% lower than at this time last year.

Days on Market
This month, the average number of days on market was 31, lower than the average last year, which was 35, a decrease of 11%.

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.