The Long & Foster Market Minute

Focus On: Wyndham Housing Market June 2021

Zip Code(s): 23059
Units Sold
82
Active Inventory
55
Median Sale Price
$525,000
Days On Market
11
Up 19%
Vs. Year Ago
Down -70%
Vs. Year Ago
Up 10%
Vs. Year Ago
Down -70%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 82 sold this month in Wyndham Real Estate versus 65 last month, an increase of 26%. This month's total units sold was higher than at this time last year, an increase of 19% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 129 units or 70%. The total number of active inventory this June was 55 compared to 184 in June 2020. This month's total of 55 is lower than the previous month's total supply of available inventory of 59, a decrease of 7%.

Median Sale Price
Last June, the median sale price for Wyndham Homes was $478,000. This June, the median sale price was $525,000, an increase of 10% or $47,000 compared to last year. The current median sold price is 9% higher 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
96
Current Contracts
90
Sold Vs. List Price
104.4%
Months of Supply
0.7
Down -8%
Vs. Year Ago
Down -12%
Vs. Year Ago
Up
Vs. Year Ago
Down -75%
Vs. Year Ago

Months of Supply
In June, there was 0.7 months of supply available in Wyndham, compared to 2.7 in June 2020. That is a decrease of 75% 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 96 homes newly listed for sale in Wyndham compared to 104 in June 2020, a decrease of 8%. There were 90 current contracts pending sale this June compared to 102 a year ago. The number of current contracts is 12% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Wyndham was 104.4% of the average list price, which is higher than at this time last year.

Days on Market
This month, the average number of days on market was 11, lower than the average last year, which was 37, a decrease of 70%.

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.