The Long & Foster Market Minute

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
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 33%
Vs. Year Ago
Up 4%
Vs. Year Ago
Up 16%
Vs. Year Ago
Down -12%
Vs. Year Ago

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.

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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%.

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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.

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New Listings
32
Current Contracts
30
Sold Vs. List Price
98.3%
Months of Supply
1.0
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -16%
Vs. Year Ago
Down -3%
Vs. Year Ago
Down -1.8%
Vs. Year Ago
Down -22%
Vs. Year Ago

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.

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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.

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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.

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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%.

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The Long & Foster Market Minute *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.