The Long & Foster Market Minute

Focus On: Wyndham Housing Market March 2021

Zip Code(s): 23059
Units Sold
53
Active Inventory
55
Median Sale Price
$420,539
Days On Market
23
Down -16%
Vs. Year Ago
Down -72%
Vs. Year Ago
Up 2%
Vs. Year Ago
Down -56%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 53 sold this month in Wyndham Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 143 units or 72%. The total number of active inventory this March was 55 compared to 198 in March 2020. This month's total of 55 is lower than the previous month's total supply of available inventory of 65, a decrease of 15%.

Median Sale Price
Last March, the median sale price for Wyndham Homes was $410,964. This March, the median sale price was $420,539, an increase of 2% or $9,575 compared to last year. The current median sold price is 13% higher than in February.

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


New Listings
72
Current Contracts
62
Sold Vs. List Price
100.8%
Months of Supply
1.0
Down -28%
Vs. Year Ago
Down -6%
Vs. Year Ago
Up 0.6%
Vs. Year Ago
Down -67%
Vs. Year Ago

Months of Supply
In March, there was 1.0 months of supply available in Wyndham, compared to 3.1 in March 2020. That is a decrease of 67% 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 72 homes newly listed for sale in Wyndham compared to 100 in March 2020, a decrease of 28%. There were 62 current contracts pending sale this March compared to 66 a year ago. The number of current contracts is 6% lower than last March.

Sale Price to List Price Ratio
In March, the average sale price in Wyndham was 100.8% of the average list price, which is 0.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 23, lower than the average last year, which was 52, a decrease of 56%.

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.