CAPITOL HILL (NE) HOUSING MARKET DATA

There was a decrease in total units sold in August, with 56 sold this month in Capitol Hill (NE) Real Estate versus 71 last month, a decrease of 21%. This month's total units sold was lower than at this time last year, a decrease of 21% versus August 2023.

Versus last year, the total number of homes available this month is higher by 20 units or 6%. The total number of active inventory this August was 335 compared to 315 in August 2023. This month's total of 335 is lower than the previous month's total supply of available inventory of 364, a decrease of 8%.

Last August, the median sale price for Capitol Hill (NE) Homes was $680,000. This August, the median sale price was $807,450, an increase of 19% or $127,450 compared to last year. The current median sold price is 12% higher than in July.

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

In August, there was 6.0 months of supply available in Capitol Hill (NE), compared to 4.4 in August 2023. That is an increase of 35% 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.

This month there were 87 homes newly listed for sale in Capitol Hill (NE) compared to 116 in August 2023, a decrease of 25%. There were 36 current contracts pending sale this August compared to 48 a year ago. The number of current contracts is 25% lower than last August.

In August, the average sale price in Capitol Hill (NE) was 98.8% of the average list price, which is 0.7% lower than at this time last year.

This month, the average number of days on market was 40, higher than the average last year, which was 36, an increase of 11%.





FOCUS ON: CAPITOL HILL (NE) HOUSING MARKET			AUGUST 2024

Zip Code(s): 20002
Units Sold 56	Active Inventory 335	Median Sale Price $807,450	Days On Market 40

Down -21% Vs. Year Ago	Up 6% Vs. Year Ago	Up 19% Vs. Year Ago	Up 11% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 56 sold this month in Capitol Hill (NE) Real Estate versus 71 last month, a decrease of 21%. This month's total units sold was lower than at this time last year, a decrease of 21% versus August 2023.
Active Inventory Versus last year, the total number of homes available this month is higher by 20 units or 6%. The total number of active inventory this August was 335 compared to 315 in August 2023. This month's total of 335 is lower than the previous month's total supply of available inventory of 364, a decrease of 8%.
		Median Sale Price Last August, the median sale price for Capitol Hill (NE) Homes was $680,000. This August, the median sale price was $807,450, an increase of 19% or $127,450 compared to last year. The current median sold price is 12% higher than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 87	Current Contracts 36	Sold Vs. List Price 98.8%	Months of Supply 6.0

Down -25% Vs. Year Ago	Down -25% Vs. Year Ago	Down -0.7% Vs. Year Ago	Up 35% Vs. Year Ago


		Months of Supply In August, there was 6.0 months of supply available in Capitol Hill (NE), compared to 4.4 in August 2023. That is an increase of 35% 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 87 homes newly listed for sale in Capitol Hill (NE) compared to 116 in August 2023, a decrease of 25%. There were 36 current contracts pending sale this August compared to 48 a year ago. The number of current contracts is 25% lower than last August.
		Sale Price to List Price Ratio In August, the average sale price in Capitol Hill (NE) was 98.8% 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 40, higher than the average last year, which was 36, an increase of 11%.


	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.
	Information 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.