The Long & Foster Market Minute

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

Zip Code(s): 20002
Units Sold
70
Active Inventory
165
Median Sale Price
$685,450
Days On Market
32
Down -34%
Vs. Year Ago
Down -7%
Vs. Year Ago
Up 15%
Vs. Year Ago
Up 39%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in July, with 70 sold this month in Capitol Hill (NE) Real Estate versus 100 last month, a decrease of 30%. This month's total units sold was lower than at this time last year, a decrease of 34% versus July 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 13 units or 7%. The total number of active inventory this July was 165 compared to 178 in July 2018. This month's total of 165 is lower than the previous month's total supply of available inventory of 194, a decrease of 15%.

Median Sale Price
Last July, the median sale price for Capitol Hill (NE) Homes was $596,000. This July, the median sale price was $685,450, an increase of 15% or $89,450 compared to last year. The current median sold price is 7% higher than in June.

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
96
Sold Vs. List Price
99.5%
Months of Supply
2.4
Up 12%
Vs. Year Ago
Up 23%
Vs. Year Ago
Down -0.7%
Vs. Year Ago
Up 40%
Vs. Year Ago

Months of Supply
In July, there was 2.4 months of supply available in Capitol Hill (NE), compared to 1.7 in July 2018. That is an increase of 40% 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 Capitol Hill (NE) compared to 115 in July 2018, an increase of 12%. There were 96 current contracts pending sale this July compared to 78 a year ago. The number of current contracts is 23% higher than last July.

Sale Price to List Price Ratio
In July, the average sale price in Capitol Hill (NE) was 99.5% of the average list price, which is 0.7% lower than at this time last year.

Days on Market
This month, the average number of days on market was 32, higher than the average last year, which was 23, an increase of 39%.

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.