The Long & Foster Market Minute

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

Zip Code(s): 20003
Units Sold
58
Active Inventory
83
Median Sale Price
$799,900
Days On Market
33
Up 2%
Vs. Year Ago
Up 15%
Vs. Year Ago
Up 3%
Vs. Year Ago
Up 6%
Vs. Year Ago

Units Sold
There was an increase in total units sold in October, with 58 sold this month in Capitol Hill (SE) Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is higher by 11 units or 15%. The total number of active inventory this October was 83 compared to 72 in October 2017. This month's supply remained stable as compared to last month.

Median Sale Price
Last October, the median sale price for Capitol Hill (SE) Homes was $780,000. This October, the median sale price was $799,900, an increase of 3% or $19,900 compared to last year. The current median sold price is 10% 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
74
Current Contracts
47
Sold Vs. List Price
100.0%
Months of Supply
1.4
Up 9%
Vs. Year Ago
Down -6%
Vs. Year Ago
No Change
Vs. Year Ago
Up 13%
Vs. Year Ago

Months of Supply
In October, there was 1.4 months of supply available in Capitol Hill (SE), compared to 1.3 in October 2017. That is an increase of 13% 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 74 homes newly listed for sale in Capitol Hill (SE) compared to 68 in October 2017, an increase of 9%. There were 47 current contracts pending sale this October compared to 50 a year ago. The number of current contracts is 6% lower than last October.

Sale Price to List Price Ratio
In October, the average sale price in Capitol Hill (SE) was 100.0% 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, higher than the average last year, which was 31, an increase of 6%.

The Long & Foster Market Minute Capitol Hill (SE) is defined as properties in zip code 20003.
*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.