The Long & Foster Market Minute

Focus On: Capitol Hill (NE) Housing Market March 2019

Zip Code(s): 20002
Units Sold
78
Active Inventory
120
Median Sale Price
$707,500
Days On Market
36
Down -4%
Vs. Year Ago
Down -23%
Vs. Year Ago
Up 11%
Vs. Year Ago
Up 16%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 78 sold this month in Capitol Hill (NE) Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 36 units or 23%. The total number of active inventory this March was 120 compared to 156 in March 2018. This month's total of 120 is lower than the previous month's total supply of available inventory of 135, a decrease of 11%.

Median Sale Price
Last March, the median sale price for Capitol Hill (NE) Homes was $640,000. This March, the median sale price was $707,500, an increase of 11% or $67,500 compared to last year. The current median sold price is 16% higher than in February.

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


New Listings
121
Current Contracts
95
Sold Vs. List Price
99.9%
Months of Supply
1.5
Down -20%
Vs. Year Ago
Down -13%
Vs. Year Ago
No Change
Vs. Year Ago
Down -20%
Vs. Year Ago

Months of Supply
In March, there was 1.5 months of supply available in Capitol Hill (NE), compared to 1.9 in March 2018. That is a decrease of 20% 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 121 homes newly listed for sale in Capitol Hill (NE) compared to 151 in March 2018, a decrease of 20%. There were 95 current contracts pending sale this March compared to 109 a year ago. The number of current contracts is 13% lower than last March.

Sale Price to List Price Ratio
In March, the average sale price in Capitol Hill (NE) was 99.9% 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 36, higher than the average last year, which was 31, an increase of 16%.

The Long & Foster Market Minute Capitol Hill (NE) is defined as properties in zip code 20002.
*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.