The Long & Foster Market Minute

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

Zip Code(s): 20002
Units Sold
64
Active Inventory
232
Median Sale Price
$682,450
Days On Market
27
Up 10%
Vs. Year Ago
Up 10%
Vs. Year Ago
Up 15%
Vs. Year Ago
Down -10%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 64 sold this month in Capitol Hill (NE) Real Estate versus 94 last month, a decrease of 32%. This month's total units sold was higher than at this time last year, an increase of 10% versus September 2018.

Active Inventory
Versus last year, the total number of homes available this month is higher by 22 units or 10%. The total number of active inventory this September was 232 compared to 210 in September 2018. This month's total of 232 is higher than the previous month's total supply of available inventory of 214, an increase of 8%.

Median Sale Price
Last September, the median sale price for Capitol Hill (NE) Homes was $594,250. This September, the median sale price was $682,450, an increase of 15% or $88,200 compared to last year. The current median sold price is 3% higher 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
213
Current Contracts
98
Sold Vs. List Price
99.9%
Months of Supply
3.6
Up 31%
Vs. Year Ago
Up 15%
Vs. Year Ago
Up 1.1%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In September, there was 3.6 months of supply available in Capitol Hill (NE). The amount of supply is similar compared to 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 213 homes newly listed for sale in Capitol Hill (NE) compared to 163 in September 2018, an increase of 31%. There were 98 current contracts pending sale this September compared to 85 a year ago. The number of current contracts is 15% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Capitol Hill (NE) was 99.9% of the average list price, which is 1.1% higher than at this time last year.

Days on Market
This month, the average number of days on market was 27, lower than the average last year, which was 30, a decrease of 10%.

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.