The Long & Foster Market Minute

Focus On: Wyndham Housing Market December 2018

Zip Code(s): 23059
Units Sold
56
Active Inventory
159
Median Sale Price
$422,003
Days On Market
44
Down -20%
Vs. Year Ago
Down -2%
Vs. Year Ago
Down -15%
Vs. Year Ago
Down -25%
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 56 sold this month in Wyndham Real Estate versus 55 last month, an increase of 2%. This month's total units sold was lower than at this time last year, a decrease of 20% versus December 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 4 units or 2%. The total number of active inventory this December was 159 compared to 163 in December 2017. This month's total of 159 is lower than the previous month's total supply of available inventory of 203, a decrease of 22%.

Median Sale Price
Last December, the median sale price for Wyndham Homes was $495,500. This December, the median sale price was $422,003, a decrease of 15% or $73,497 compared to last year. The current median sold price is 8% lower 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
46
Current Contracts
52
Sold Vs. List Price
100.5%
Months of Supply
2.8
Up 28%
Vs. Year Ago
Up 27%
Vs. Year Ago
No Change
Vs. Year Ago
Up 22%
Vs. Year Ago

Months of Supply
In December, there was 2.8 months of supply available in Wyndham, compared to 2.3 in December 2017. That is an increase of 22% 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 46 homes newly listed for sale in Wyndham compared to 36 in December 2017, an increase of 28%. There were 52 current contracts pending sale this December compared to 41 a year ago. The number of current contracts is 27% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Wyndham was 100.5% 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 44, lower than the average last year, which was 59, a decrease of 25%.

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.