The Long & Foster Market Minute

Focus On: Capitol Hill (NE) Housing Market April 2020

Zip Code(s): 20002
Units Sold
70
Active Inventory
151
Median Sale Price
$644,750
Days On Market
17
Down -24%
Vs. Year Ago
Up 2%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -6%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in April, with 70 sold this month in Capitol Hill (NE) Real Estate versus 97 last month, a decrease of 28%. This month's total units sold was lower than at this time last year, a decrease of 24% versus April 2019.

Active Inventory
Versus last year, the total number of homes available this month is higher by 3 units or 2%. The total number of active inventory this April was 151 compared to 148 in April 2019. This month's total of 151 is higher than the previous month's total supply of available inventory of 150, an increase of 1%.

Median Sale Price
Last April, the median sale price for Capitol Hill (NE) Homes was $650,000. This April, the median sale price was $644,750, a decrease of 1% or $5,250 compared to last year. The current median sold price is 4% lower than in March.

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


New Listings
122
Current Contracts
78
Sold Vs. List Price
100.8%
Months of Supply
2.2
Down -13%
Vs. Year Ago
Down -30%
Vs. Year Ago
No Change
Vs. Year Ago
Up 34%
Vs. Year Ago

Months of Supply
In April, there was 2.2 months of supply available in Capitol Hill (NE), compared to 1.6 in April 2019. That is an increase of 34% 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 122 homes newly listed for sale in Capitol Hill (NE) compared to 141 in April 2019, a decrease of 13%. There were 78 current contracts pending sale this April compared to 112 a year ago. The number of current contracts is 30% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Capitol Hill (NE) was 100.8% 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 17, lower than the average last year, which was 18, a decrease of 6%.

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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc.