Capitol Hill (SE) Housing Market Data

There was an increase in total units sold in August, with 48 sold this month in Capitol Hill (SE) Real Estate versus 40 last month, an increase of 20%. This month's total units sold was higher than at this time last year, an increase of 33% versus August 2016.

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Versus last year, the total number of homes available this month is higher by 2 units or 4%. The total number of active inventory this August was 49 compared to 47 in August 2016. This month's total of 49 is lower than the previous month's total supply of available inventory of 57, a decrease of 14%.

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Last August, the median sale price for Capitol Hill (SE) Homes was $679,950. This August, the median sale price was $787,000, an increase of 16% or $107,050 compared to last year. The current median sold price is 3% 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.

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In August, there was 1.0 months of supply available in Capitol Hill (SE), compared to 1.3 in August 2016. That is a decrease of 22% 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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This month there were 32 homes newly listed for sale in Capitol Hill (SE) compared to 38 in August 2016, a decrease of 16%. There were 30 current contracts pending sale this August compared to 31 a year ago. The number of current contracts is 3% lower than last August.

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Click here to compare the current contracts of this area against other locations.

In August, the average sale price in Capitol Hill (SE) was 98.3% of the average list price, which is 1.8% lower than at this time last year.

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This month, the average number of days on market was 30, lower than the average last year, which was 34, a decrease of 12%.

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

Zip Code(s): 20003
Units Sold 48	Active Inventory 49	Median Sale Price $787,000	Days On Market 30

Up 33% Vs. Year Ago	Up 4% Vs. Year Ago	Up 16% Vs. Year Ago	Down -12% Vs. Year Ago


iCharts		Units Sold There was an increase in total units sold in August, with 48 sold this month in Capitol Hill (SE) Real Estate versus 40 last month, an increase of 20%. This month's total units sold was higher than at this time last year, an increase of 33% versus August 2016. Click here to compare the units sold of this area against other locations.
Active Inventory Versus last year, the total number of homes available this month is higher by 2 units or 4%. The total number of active inventory this August was 49 compared to 47 in August 2016. This month's total of 49 is lower than the previous month's total supply of available inventory of 57, a decrease of 14%. Click here to compare the active inventory of this area against other locations.		iCharts
iCharts		Median Sale Price Last August, the median sale price for Capitol Hill (SE) Homes was $679,950. This August, the median sale price was $787,000, an increase of 16% or $107,050 compared to last year. The current median sold price is 3% 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. Click here to compare the median sale price of this area against other locations.



New Listings 32	Current Contracts 30	Sold Vs. List Price 98.3%	Months of Supply 1.0

Down -16% Vs. Year Ago	Down -3% Vs. Year Ago	Down -1.8% Vs. Year Ago	Down -22% Vs. Year Ago


iCharts		Months of Supply In August, there was 1.0 months of supply available in Capitol Hill (SE), compared to 1.3 in August 2016. That is a decrease of 22% 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. Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts This month there were 32 homes newly listed for sale in Capitol Hill (SE) compared to 38 in August 2016, a decrease of 16%. There were 30 current contracts pending sale this August compared to 31 a year ago. The number of current contracts is 3% lower than last August. Click here to compare the new listings of this area against other locations. Click here to compare the current contracts of this area against other locations.		iCharts
iCharts		Sale Price to List Price Ratio In August, the average sale price in Capitol Hill (SE) was 98.3% of the average list price, which is 1.8% lower than at this time last year. Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market This month, the average number of days on market was 30, lower than the average last year, which was 34, a decrease of 12%. Click here to compare the days on market of this area against other locations.		iCharts


	*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 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.