The Long & Foster Market Minute

Focus On: Capitol Hill (NE) Housing Market October 2018

Zip Code(s): 20002
Units Sold
95
Active Inventory
188
Median Sale Price
$700,000
Days On Market
33
Down -7%
Vs. Year Ago
Up 15%
Vs. Year Ago
Up 17%
Vs. Year Ago
No Change
Vs. Year Ago

Units Sold
There was an increase in total units sold in October, with 95 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 24 units or 15%. The total number of active inventory this October was 188 compared to 164 in October 2017. This month's total of 188 is lower than the previous month's total supply of available inventory of 199, a decrease of 6%.

Median Sale Price
Last October, the median sale price for Capitol Hill (NE) Homes was $599,750. This October, the median sale price was $700,000, an increase of 17% or $100,250 compared to last year. The current median sold price is 18% higher than in September.

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


New Listings
135
Current Contracts
100
Sold Vs. List Price
100.7%
Months of Supply
2.0
Up 22%
Vs. Year Ago
Up 39%
Vs. Year Ago
No Change
Vs. Year Ago
Up 23%
Vs. Year Ago

Months of Supply
In October, there was 2.0 months of supply available in Capitol Hill (NE), compared to 1.6 in October 2017. That is an increase of 23% 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 135 homes newly listed for sale in Capitol Hill (NE) compared to 111 in October 2017, an increase of 22%. There were 100 current contracts pending sale this October compared to 72 a year ago. The number of current contracts is 39% higher than last October.

Sale Price to List Price Ratio
In October, the average sale price in Capitol Hill (NE) was 100.7% 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 33, which is similar compared to a year ago.

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.