The Long & Foster Market Minute

Focus On: Wyndham Housing Market December 2019

Zip Code(s): 23059
Units Sold
81
Active Inventory
155
Median Sale Price
$384,500
Days On Market
38
Up
Vs. Year Ago
Down -6%
Vs. Year Ago
Down -9%
Vs. Year Ago
Down -21%
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 81 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 10 units or 6%. The total number of active inventory this December was 155 compared to 165 in December 2018. This month's total of 155 is lower than the previous month's total supply of available inventory of 201, a decrease of 23%.

Median Sale Price
Last December, the median sale price for Wyndham Homes was $422,586. This December, the median sale price was $384,500, a decrease of 9% or $38,086 compared to last year. The current median sold price is 7% 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
48
Current Contracts
48
Sold Vs. List Price
100.9%
Months of Supply
1.9
Up 2%
Vs. Year Ago
Down -8%
Vs. Year Ago
No Change
Vs. Year Ago
Down -34%
Vs. Year Ago

Months of Supply
In December, there was 1.9 months of supply available in Wyndham, compared to 2.9 in December 2018. That is a decrease of 34% 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 48 homes newly listed for sale in Wyndham compared to 47 in December 2018, an increase of 2%. There were 48 current contracts pending sale this December compared to 52 a year ago. The number of current contracts is 8% lower than last December.

Sale Price to List Price Ratio
In December, the average sale price in Wyndham was 100.9% 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 38, lower than the average last year, which was 48, a decrease of 21%.

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.