The Long & Foster Market Minute

Focus On: Anacostia and Hillcrest Housing Market April 2019

Zip Code(s): 20019, 20020 and 20032
Units Sold
101
Active Inventory
190
Median Sale Price
$365,000
Days On Market
47
Up 2%
Vs. Year Ago
Down -27%
Vs. Year Ago
Up 11%
Vs. Year Ago
Up 52%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 101 sold this month in Anacostia and Hillcrest Real Estate versus 99 last month, an increase of 2%. This month's total units sold was higher than at this time last year, an increase of 2% versus April 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 71 units or 27%. The total number of active inventory this April was 190 compared to 261 in April 2018. This month's total of 190 is lower than the previous month's total supply of available inventory of 208, a decrease of 9%.

Median Sale Price
Last April, the median sale price for Anacostia and Hillcrest Homes was $330,000. This April, the median sale price was $365,000, an increase of 11% or $35,000 compared to last year. The current median sold price is 4% higher 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
166
Current Contracts
128
Sold Vs. List Price
99.8%
Months of Supply
1.9
Up 4%
Vs. Year Ago
Up 14%
Vs. Year Ago
No Change
Vs. Year Ago
Down -29%
Vs. Year Ago

Months of Supply
In April, there was 1.9 months of supply available in Anacostia and Hillcrest, compared to 2.6 in April 2018. That is a decrease of 29% 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 166 homes newly listed for sale in Anacostia and Hillcrest compared to 159 in April 2018, an increase of 4%. There were 128 current contracts pending sale this April compared to 112 a year ago. The number of current contracts is 14% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Anacostia and Hillcrest was 99.8% 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 47, higher than the average last year, which was 31, an increase of 52%.

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 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.