The Long & Foster Market Minute

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

Zip Code(s): 20002
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 18%
Vs. Year Ago
Down -17%
Vs. Year Ago
Up 11%
Vs. Year Ago
Up 60%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 113 sold this month in Capitol Hill (NE) Real Estate versus 111 last month, an increase of 2%. This month's total units sold was higher than at this time last year, an increase of 18% versus June 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 35 units or 17%. The total number of active inventory this June was 166 compared to 201 in June 2017. This month's total of 166 is lower than the previous month's total supply of available inventory of 180, a decrease of 8%.

Median Sale Price
Last June, the median sale price for Capitol Hill (NE) Homes was $575,000. This June, the median sale price was $640,000, an increase of 11% or $65,000 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
Current Contracts
Sold Vs. List Price
Months of Supply
Down -9%
Vs. Year Ago
Up 27%
Vs. Year Ago
No Change
Vs. Year Ago
Down -50%
Vs. Year Ago

Months of Supply
In June, there was 1.5 months of supply available in Capitol Hill (NE), compared to 2.1 in June 2017. 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.

New Listings & Current Contracts
This month there were 146 homes newly listed for sale in Capitol Hill (NE) compared to 161 in June 2017, a decrease of 9%. There were 121 current contracts pending sale this June compared to 95 a year ago. The number of current contracts is 27% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Capitol Hill (NE) was 101.2% 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 24, higher than the average last year, which was 15, an increase of 60%.

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.