The Long & Foster Market Minute

Focus On: Wyndham Housing Market June 2019

Zip Code(s): 23059
Units Sold
80
Active Inventory
214
Median Sale Price
$438,250
Days On Market
29
Down -12%
Vs. Year Ago
Down -15%
Vs. Year Ago
No Change
Vs. Year Ago
Up 4%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 80 sold this month in Wyndham Real Estate versus 84 last month, a decrease of 5%. This month's total units sold was lower than at this time last year, a decrease of 12% versus June 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 39 units or 15%. The total number of active inventory this June was 214 compared to 253 in June 2018. This month's total of 214 is lower than the previous month's total supply of available inventory of 229, a decrease of 7%.

Median Sale Price
Last June, the median sale price for Wyndham Homes was $439,950. This June, the median sale price was approximately the same at $438,250. The current median sold price is also similar to the median price 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
109
Current Contracts
86
Sold Vs. List Price
100.0%
Months of Supply
2.7
Up 18%
Vs. Year Ago
Up 26%
Vs. Year Ago
No Change
Vs. Year Ago
Down -4%
Vs. Year Ago

Months of Supply
In June, there was 2.7 months of supply available in Wyndham, compared to 2.8 in June 2018. That is a decrease of 4% 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 109 homes newly listed for sale in Wyndham compared to 92 in June 2018, an increase of 18%. There were 86 current contracts pending sale this June compared to 68 a year ago. The number of current contracts is 26% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Wyndham 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 29, higher than the average last year, which was 28, an increase of 4%.

The Long & Foster Market Minute Wyndham are defined as properties listed in zip code/s 23059.
*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.