The Long & Foster Market Minute

Focus On: Capitol Hill (NE) Housing Market May 2020

Zip Code(s): 20002
Units Sold
76
Active Inventory
167
Median Sale Price
$662,500
Days On Market
26
Down
Vs. Year Ago
Up 2%
Vs. Year Ago
Down -1%
Vs. Year Ago
Up 4%
Vs. Year Ago

Units Sold
There was an increase in total units sold in May, with 76 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 higher by 4 units or 2%. The total number of active inventory this May was 167 compared to 163 in May 2019. This month's supply remained stable as compared to last month.

Median Sale Price
Last May, the median sale price for Capitol Hill (NE) Homes was $670,875. This May, the median sale price was $662,500, a decrease of 1% or $8,375 compared to last year. The current median sold price is 4% higher than in April.

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


New Listings
139
Current Contracts
96
Sold Vs. List Price
100.1%
Months of Supply
2.2
Down -11%
Vs. Year Ago
Down -12%
Vs. Year Ago
No Change
Vs. Year Ago
Up 62%
Vs. Year Ago

Months of Supply
In May, there was 2.2 months of supply available in Capitol Hill (NE), compared to 1.4 in May 2019. That is an increase of 62% 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 139 homes newly listed for sale in Capitol Hill (NE) compared to 156 in May 2019, a decrease of 11%. There were 96 current contracts pending sale this May compared to 109 a year ago. The number of current contracts is 12% lower than last May.

Sale Price to List Price Ratio
In May, the average sale price in Capitol Hill (NE) was 100.1% 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 26, higher than the average last year, which was 25, an increase of 4%.

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.