The Long & Foster Market Minute

Focus On: Wyndham Housing Market February 2019

Zip Code(s): 23059
Units Sold
44
Active Inventory
195
Median Sale Price
$388,618
Days On Market
43
Up 2%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -9%
Vs. Year Ago
Up 2%
Vs. Year Ago

Units Sold
There was an increase in total units sold in February, with 44 sold this month in Wyndham Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 2 units or 1%. The total number of active inventory this February was 195 compared to 197 in February 2018. This month's total of 195 is higher than the previous month's total supply of available inventory of 187, an increase of 4%.

Median Sale Price
Last February, the median sale price for Wyndham Homes was $427,564. This February, the median sale price was $388,618, a decrease of 9% or $38,946 compared to last year. The current median sold price is 8% lower than in January.

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


New Listings
119
Current Contracts
94
Sold Vs. List Price
99.1%
Months of Supply
4.4
Up 28%
Vs. Year Ago
Up 62%
Vs. Year Ago
Down -0.9%
Vs. Year Ago
Down -3%
Vs. Year Ago

Months of Supply
In February, there was 4.4 months of supply available in Wyndham, compared to 4.6 in February 2018. That is a decrease of 3% 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 119 homes newly listed for sale in Wyndham compared to 93 in February 2018, an increase of 28%. There were 94 current contracts pending sale this February compared to 58 a year ago. The number of current contracts is 62% higher than last February.

Sale Price to List Price Ratio
In February, the average sale price in Wyndham was 99.1% of the average list price, which is 0.9% lower than at this time last year.

Days on Market
This month, the average number of days on market was 43, higher than the average last year, which was 42, an increase of 2%.

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.