The Long & Foster Market Minute

Focus On: Capitol Hill (NE) Housing Market August 2017

Zip Code(s): 20002
Units Sold
109
Active Inventory
127
Median Sale Price
$613,000
Days On Market
25
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 30%
Vs. Year Ago
Down -9%
Vs. Year Ago
Down -3%
Vs. Year Ago
No Change
Vs. Year Ago

Units Sold
There was an increase in total units sold in August, with 109 sold this month in Capitol Hill (NE) Real Estate versus 87 last month, an increase of 25%. This month's total units sold was higher than at this time last year, an increase of 30% versus August 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 13 units or 9%. The total number of active inventory this August was 127 compared to 140 in August 2016. This month's total of 127 is lower than the previous month's total supply of available inventory of 161, a decrease of 21%.

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Median Sale Price
Last August, the median sale price for Capitol Hill (NE) Homes was $633,700. This August, the median sale price was $613,000, a decrease of 3% or $20,700 compared to last year. The current median sold price is 3% lower 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.

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New Listings
86
Current Contracts
74
Sold Vs. List Price
100.1%
Months of Supply
1.2
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -3%
Vs. Year Ago
Down -6%
Vs. Year Ago
Up 0.9%
Vs. Year Ago
Down -30%
Vs. Year Ago

Months of Supply
In August, there was 1.2 months of supply available in Capitol Hill (NE), compared to 1.7 in August 2016. That is a decrease of 30% 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.

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New Listings & Current Contracts
This month there were 86 homes newly listed for sale in Capitol Hill (NE) compared to 89 in August 2016, a decrease of 3%. There were 74 current contracts pending sale this August compared to 79 a year ago. The number of current contracts is 6% lower than last August.

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Sale Price to List Price Ratio
In August, the average sale price in Capitol Hill (NE) was 100.1% of the average list price, which is 0.9% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 25, which is similar compared to a year ago.

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The Long & Foster Market Minute *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.