The Long & Foster Market Minute

Focus On: Anacostia and Hillcrest Housing Market September 2018

Zip Code(s): 20019, 20020 and 20032
Units Sold
112
Active Inventory
184
Median Sale Price
$326,331
Days On Market
37
Up 8%
Vs. Year Ago
Down -50%
Vs. Year Ago
Up 8%
Vs. Year Ago
Up 3%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 112 sold this month in Anacostia and Hillcrest Real Estate versus 117 last month, a decrease of 4%. This month's total units sold was higher than at this time last year, an increase of 8% versus September 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 183 units or 50%. The total number of active inventory this September was 184 compared to 367 in September 2017. This month's total of 184 is lower than the previous month's total supply of available inventory of 217, a decrease of 15%.

Median Sale Price
Last September, the median sale price for Anacostia and Hillcrest Homes was $301,500. This September, the median sale price was $326,331, an increase of 8% or $24,831 compared to last year. The current median sold price is 7% lower 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
129
Current Contracts
110
Sold Vs. List Price
100.0%
Months of Supply
1.6
Down -16%
Vs. Year Ago
Up 2%
Vs. Year Ago
No Change
Vs. Year Ago
Down -54%
Vs. Year Ago

Months of Supply
In September, there was 1.6 months of supply available in Anacostia and Hillcrest, compared to 3.5 in September 2017. That is a decrease of 53% 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 129 homes newly listed for sale in Anacostia and Hillcrest compared to 154 in September 2017, a decrease of 16%. There were 110 current contracts pending sale this September compared to 108 a year ago. The number of current contracts is 2% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Anacostia and Hillcrest was 100.0% 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 37, higher than the average last year, which was 36, an increase of 3%.

The Long & Foster Market Minute Anacosta and Hillcrest are defined as properties in zip codes 20019/20020/20032.
*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.