The Long & Foster Market Minute

Focus On: Capitol Hill (NE) Housing Market August 2018

Zip Code(s): 20002
Units Sold
77
Active Inventory
159
Median Sale Price
$625,000
Days On Market
21
Down -30%
Vs. Year Ago
Down -1%
Vs. Year Ago
Up 2%
Vs. Year Ago
Down -13%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in August, with 77 sold this month in Capitol Hill (NE) Real Estate versus 109 last month, a decrease of 29%. This month's total units sold was lower than at this time last year, a decrease of 30% versus August 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 1 units or 1%. The total number of active inventory this August was 159 compared to 160 in August 2017. This month's total of 159 is lower than the previous month's total supply of available inventory of 176, a decrease of 10%.

Median Sale Price
Last August, the median sale price for Capitol Hill (NE) Homes was $614,000. This August, the median sale price was $625,000, an increase of 2% or $11,000 compared to last year. The current median sold price is 4% higher than in July.

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


New Listings
97
Current Contracts
71
Sold Vs. List Price
99.9%
Months of Supply
2.1
Up 10%
Vs. Year Ago
Up 9%
Vs. Year Ago
No Change
Vs. Year Ago
Up 42%
Vs. Year Ago

Months of Supply
In August, there was 2.1 months of supply available in Capitol Hill (NE), compared to 1.5 in August 2017. That is an increase of 42% 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 97 homes newly listed for sale in Capitol Hill (NE) compared to 88 in August 2017, an increase of 10%. There were 71 current contracts pending sale this August compared to 65 a year ago. The number of current contracts is 9% higher than last August.

Sale Price to List Price Ratio
In August, the average sale price in Capitol Hill (NE) was 99.9% 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 21, lower than the average last year, which was 24, a decrease of 13%.

The Long & Foster Market Minute Capitol Hill (NE) is defined as properties in zip code 20002.
*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 MRIS 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 MRIS or Long & Foster Real Estate, Inc.