The Long & Foster Market Minute

Focus On: Wyndham Housing Market April 2020

Zip Code(s): 23059
Units Sold
69
Active Inventory
164
Median Sale Price
$428,000
Days On Market
34
Up 3%
Vs. Year Ago
Down -26%
Vs. Year Ago
Down -3%
Vs. Year Ago
Down -8%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 69 sold this month in Wyndham Real Estate versus 63 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 3% versus April 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 58 units or 26%. The total number of active inventory this April was 164 compared to 222 in April 2019. This month's total of 164 is lower than the previous month's total supply of available inventory of 168, a decrease of 2%.

Median Sale Price
Last April, the median sale price for Wyndham Homes was $439,950. This April, the median sale price was $428,000, a decrease of 3% or $11,950 compared to last year. The current median sold price is 4% 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
75
Current Contracts
50
Sold Vs. List Price
99.5%
Months of Supply
2.4
Down -40%
Vs. Year Ago
Down -44%
Vs. Year Ago
No Change
Vs. Year Ago
Down -28%
Vs. Year Ago

Months of Supply
In April, there was 2.4 months of supply available in Wyndham, compared to 3.3 in April 2019. That is a decrease of 28% 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 75 homes newly listed for sale in Wyndham compared to 125 in April 2019, a decrease of 40%. There were 50 current contracts pending sale this April compared to 89 a year ago. The number of current contracts is 44% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Wyndham was 99.5% 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 34, lower than the average last year, which was 37, a decrease of 8%.

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.