The Long & Foster Market Minute

Focus On: Anacostia and Hillcrest Housing Market October 2018

Zip Code(s): 20019, 20020 and 20032
Units Sold
88
Active Inventory
204
Median Sale Price
$332,500
Days On Market
42
Down -16%
Vs. Year Ago
Down -40%
Vs. Year Ago
Up 19%
Vs. Year Ago
Down -40%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 88 sold this month in Anacostia and Hillcrest Real Estate versus 117 last month, a decrease of 25%. This month's total units sold was lower than at this time last year, a decrease of 16% versus October 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 138 units or 40%. The total number of active inventory this October was 204 compared to 342 in October 2017. This month's total of 204 is higher than the previous month's total supply of available inventory of 199, an increase of 3%.

Median Sale Price
Last October, the median sale price for Anacostia and Hillcrest Homes was $280,000. This October, the median sale price was approximately the same at $332,500. The current median sold price is 19% higher than in October 2017.

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


New Listings
159
Current Contracts
110
Sold Vs. List Price
98.5%
Months of Supply
2.3
Up 2%
Vs. Year Ago
Up 6%
Vs. Year Ago
Down -0.9%
Vs. Year Ago
Down -29%
Vs. Year Ago

Months of Supply
In October, there was 2.3 months of supply available in Anacostia and Hillcrest, compared to 3.3 in October 2017. 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 159 homes newly listed for sale in Anacostia and Hillcrest compared to 156 in October 2017, an increase of 2%. There were 110 current contracts pending sale this October compared to 104 a year ago. The number of current contracts is 6% higher than last October.

Sale Price to List Price Ratio
In October, the average sale price in Anacostia and Hillcrest was 98.5% of the average list price, which is 0.9% lower than at this time last year.

Days on Market
This month, the average number of days on market was 42, lower than the average last year, which was 70, a decrease of 40%.

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.