The Long & Foster Market Minute

Focus On: Lynnwood, Lynn Shores, and Windsor Woods Housing Market June 2021

Zip Code(s): 23452
Units Sold
124
Active Inventory
70
Median Sale Price
$300,000
Days On Market
12
Up 33%
Vs. Year Ago
Down -47%
Vs. Year Ago
Up 10%
Vs. Year Ago
Down -66%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 124 sold this month in Lynnwood, Lynn Shores, and Windsor Woods Real Estate versus 117 last month, an increase of 6%. This month's total units sold was higher than at this time last year, an increase of 33% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 61 units or 47%. The total number of active inventory this June was 70 compared to 131 in June 2020. This month's total of 70 is lower than the previous month's total supply of available inventory of 93, a decrease of 25%.

Median Sale Price
Last June, the median sale price for Lynnwood, Lynn Shores, and Windsor Woods Homes was $272,900. This June, the median sale price was $300,000, an increase of 10% or $27,100 compared to last year. The current median sold price is 2% lower than in May.

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
135
Sold Vs. List Price
101.6%
Months of Supply
0.6
Up 16%
Vs. Year Ago
Up 35%
Vs. Year Ago
Up 3.3%
Vs. Year Ago
Down -60%
Vs. Year Ago

Months of Supply
In June, there was 0.6 months of supply available in Lynnwood, Lynn Shores, and Windsor Woods, compared to 1.4 in June 2020. That is a decrease of 60% 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 Lynnwood, Lynn Shores, and Windsor Woods compared to 103 in June 2020, an increase of 16%. There were 135 current contracts pending sale this June compared to 100 a year ago. The number of current contracts is 35% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Lynnwood, Lynn Shores, and Windsor Woods was 101.6% of the average list price, which is 3.2% higher than at this time last year.

Days on Market
This month, the average number of days on market was 12, lower than the average last year, which was 35, a decrease of 66%.

The Long & Foster Market Minute Lynnwood, Lynn Shores, and Windsor Woods are defined as properties listed in zip code/s 23452.
*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 REIN 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 REIN or Long & Foster Real Estate, Inc.