The Long & Foster Market Minute

Focus On: Capitol Hill (SE) Housing Market September 2019

Zip Code(s): 20003
Units Sold
21
Active Inventory
83
Median Sale Price
$780,000
Days On Market
31
Down
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 8%
Vs. Year Ago
Up 48%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in September, with 21 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 September 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 2 units or 2%. The total number of active inventory this September was 83 compared to 85 in September 2018. This month's total of 83 is higher than the previous month's total supply of available inventory of 74, an increase of 12%.

Median Sale Price
Last September, the median sale price for Capitol Hill (SE) Homes was $725,000. This September, the median sale price was $780,000, an increase of 8% or $55,000 compared to last year. The current median sold price is 4% higher than in August.

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


New Listings
82
Current Contracts
47
Sold Vs. List Price
101.3%
Months of Supply
4.0
Down -13%
Vs. Year Ago
Down -15%
Vs. Year Ago
Up 1.3%
Vs. Year Ago
Up 44%
Vs. Year Ago

Months of Supply
In September, there was 4.0 months of supply available in Capitol Hill (SE), compared to 2.7 in September 2018. That is an increase of 44% 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 82 homes newly listed for sale in Capitol Hill (SE) compared to 94 in September 2018, a decrease of 13%. There were 47 current contracts pending sale this September compared to 55 a year ago. The number of current contracts is 15% lower than last September.

Sale Price to List Price Ratio
In September, the average sale price in Capitol Hill (SE) was 101.3% of the average list price, which is 1.3% higher than at this time last year.

Days on Market
This month, the average number of days on market was 31, higher than the average last year, which was 21, an increase of 48%.

The Long & Foster Market Minute 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.
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.