Capitol Hill (SE) Housing Market Data

With relatively few transactions, there was a decrease in total units sold in April, with 29 sold this month in Capitol Hill (SE) Real Estate. This month's total units sold was lower than at this time last year, a decrease from April 2019.

Versus last year, the total number of homes available this month is lower by 2 units or 3%. The total number of active inventory this April was 68 compared to 70 in April 2019. This month's total of 68 is higher than the previous month's total supply of available inventory of 60, an increase of 13%.

Last April, the median sale price for Capitol Hill (SE) Homes was $769,950. This April, the median sale price was $630,000, a decrease of 18% or $139,950 compared to last year. The current median sold price is 9% 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.

In April, there was 2.3 months of supply available in Capitol Hill (SE), compared to 1.3 in April 2019. That is an increase of 81% 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.

This month there were 71 homes newly listed for sale in Capitol Hill (SE) compared to 80 in April 2019, a decrease of 11%. There were 45 current contracts pending sale this April compared to 60 a year ago. The number of current contracts is 25% lower than last April.

In April, the average sale price in Capitol Hill (SE) was 100.8% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 12, lower than the average last year, which was 19, a decrease of 37%.





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

Zip Code(s): 20003
Units Sold 29	Active Inventory 68	Median Sale Price $630,000	Days On Market 12

Down Vs. Year Ago	Down -3% Vs. Year Ago	Down -18% Vs. Year Ago	Down -37% Vs. Year Ago


		Units Sold With relatively few transactions, there was a decrease in total units sold in April, with 29 sold this month in Capitol Hill (SE) Real Estate. This month's total units sold was lower than at this time last year, a decrease from April 2019.
Active Inventory Versus last year, the total number of homes available this month is lower by 2 units or 3%. The total number of active inventory this April was 68 compared to 70 in April 2019. This month's total of 68 is higher than the previous month's total supply of available inventory of 60, an increase of 13%.
		Median Sale Price Last April, the median sale price for Capitol Hill (SE) Homes was $769,950. This April, the median sale price was $630,000, a decrease of 18% or $139,950 compared to last year. The current median sold price is 9% 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 71	Current Contracts 45	Sold Vs. List Price 100.8%	Months of Supply 2.3

Down -11% Vs. Year Ago	Down -25% Vs. Year Ago	No Change Vs. Year Ago	Up 80% Vs. Year Ago


		Months of Supply In April, there was 2.3 months of supply available in Capitol Hill (SE), compared to 1.3 in April 2019. That is an increase of 81% 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 71 homes newly listed for sale in Capitol Hill (SE) compared to 80 in April 2019, a decrease of 11%. There were 45 current contracts pending sale this April compared to 60 a year ago. The number of current contracts is 25% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in Capitol Hill (SE) 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 12, lower than the average last year, which was 19, a decrease of 37%.


	Capitol Hill (SE) is defined as properties in zip code 20003.
	*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.
	Information 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.