CAPITOL HILL (SE) HOUSING MARKET DATA

There was a decrease in total units sold in July, with 29 sold this month in Capitol Hill (SE) Real Estate versus 37 last month, a decrease of 22%. This month's total units sold was higher than at this time last year, an increase of 12% versus July 2023.

Versus last year, the total number of homes available this month is higher by 33 units or 39%. The total number of active inventory this July was 117 compared to 84 in July 2023. This month's total of 117 is lower than the previous month's total supply of available inventory of 138, a decrease of 15%.

Last July, the median sale price for Capitol Hill (SE) Homes was $947,500. This July, the median sale price was $780,000, a decrease of 18% or $167,500 compared to last year. The current median sold price is 22% lower than in June.

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

In July, there was 4.0 months of supply available in Capitol Hill (SE), compared to 3.2 in July 2023. That is an increase of 25% 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 53 homes newly listed for sale in Capitol Hill (SE), which is similar to the amount in July 2023. There were 43 current contracts pending sale this July compared to 31 a year ago. The number of current contracts is 39% higher than last July.

In July, the average sale price in Capitol Hill (SE) was 100.5% of the average list price, which is 1.7% higher than at this time last year.

This month, the average number of days on market was 20, lower than the average last year, which was 23, a decrease of 13%.





FOCUS ON: CAPITOL HILL (SE) HOUSING MARKET			JULY 2024

Zip Code(s): 20003
Units Sold 29	Active Inventory 117	Median Sale Price $780,000	Days On Market 20

Up 12% Vs. Year Ago	Up 39% Vs. Year Ago	Down -18% Vs. Year Ago	Down -13% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 29 sold this month in Capitol Hill (SE) Real Estate versus 37 last month, a decrease of 22%. This month's total units sold was higher than at this time last year, an increase of 12% versus July 2023.
Active Inventory Versus last year, the total number of homes available this month is higher by 33 units or 39%. The total number of active inventory this July was 117 compared to 84 in July 2023. This month's total of 117 is lower than the previous month's total supply of available inventory of 138, a decrease of 15%.
		Median Sale Price Last July, the median sale price for Capitol Hill (SE) Homes was $947,500. This July, the median sale price was $780,000, a decrease of 18% or $167,500 compared to last year. The current median sold price is 22% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 53	Current Contracts 43	Sold Vs. List Price 100.5%	Months of Supply 4.0

No Change Vs. Year Ago	Up 39% Vs. Year Ago	Up 1.7% Vs. Year Ago	Up 25% Vs. Year Ago


		Months of Supply In July, there was 4.0 months of supply available in Capitol Hill (SE), compared to 3.2 in July 2023. That is an increase of 25% 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 53 homes newly listed for sale in Capitol Hill (SE), which is similar to the amount in July 2023. There were 43 current contracts pending sale this July compared to 31 a year ago. The number of current contracts is 39% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Capitol Hill (SE) was 100.5% of the average list price, which is 1.7% higher than at this time last year. Days on Market This month, the average number of days on market was 20, lower than the average last year, which was 23, a decrease of 13%.


	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.
	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.