The Long & Foster Market Minute

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

Zip Code(s): 20002
Units Sold
57
Active Inventory
145
Median Sale Price
$575,000
Days On Market
56
Down -10%
Vs. Year Ago
Up 20%
Vs. Year Ago
Down -8%
Vs. Year Ago
Up 56%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in January, with 57 sold this month in Capitol Hill (NE) Real Estate versus 65 last month, a decrease of 12%. This month's total units sold was lower than at this time last year, a decrease of 10% versus January 2018.

Active Inventory
Versus last year, the total number of homes available this month is higher by 24 units or 20%. The total number of active inventory this January was 145 compared to 121 in January 2018. This month's total of 145 is lower than the previous month's total supply of available inventory of 169, a decrease of 14%.

Median Sale Price
Last January, the median sale price for Capitol Hill (NE) Homes was $625,000. This January, the median sale price was $575,000, a decrease of 8% or $50,000 compared to last year. The current median sold price is 6% lower than in December.

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


New Listings
102
Current Contracts
69
Sold Vs. List Price
99.1%
Months of Supply
2.5
Up 11%
Vs. Year Ago
Down -3%
Vs. Year Ago
No Change
Vs. Year Ago
Up 32%
Vs. Year Ago

Months of Supply
In January, there was 2.5 months of supply available in Capitol Hill (NE), compared to 1.9 in January 2018. That is an increase of 32% 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 102 homes newly listed for sale in Capitol Hill (NE) compared to 92 in January 2018, an increase of 11%. There were 69 current contracts pending sale this January compared to 71 a year ago. The number of current contracts is 3% lower than last January.

Sale Price to List Price Ratio
In January, the average sale price in Capitol Hill (NE) was 99.1% 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 56, higher than the average last year, which was 36, an increase of 56%.

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.