Capitol Hill (SE) Housing Market Data

With relatively few transactions, there was a decrease in total units sold in December, with 21 sold this month in Capitol Hill (SE) Real Estate. This month's total units sold was lower than at this time last year, a decrease from December 2021.

Versus last year, the total number of homes available this month is higher by 5 units or 9%. The total number of active inventory this December was 61 compared to 56 in December 2021. This month's total of 61 is lower than the previous month's total supply of available inventory of 77, a decrease of 21%.

Last December, the median sale price for Capitol Hill (SE) Homes was $950,000. This December, the median sale price was $714,000, a decrease of 25% or $236,000 compared to last year. The current median sold price is 12% lower than in November.

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

In December, there was 2.9 months of supply available in Capitol Hill (SE), compared to 1.3 in December 2021. That is an increase of 123% 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 31 homes newly listed for sale in Capitol Hill (SE) compared to 40 in December 2021, a decrease of 23%. There were 15 current contracts pending sale this December compared to 38 a year ago. The number of current contracts is 61% lower than last December.

In December, the average sale price in Capitol Hill (SE) was 96.6% of the average list price, which is 1.9% lower than at this time last year.

This month, the average number of days on market was 38, lower than the average last year, which was 46, a decrease of 17%.





Focus On: Capitol Hill (SE) Housing Market			December 2022

Zip Code(s): 20003
Units Sold 21	Active Inventory 61	Median Sale Price $714,000	Days On Market 38

Down Vs. Year Ago	Up 9% Vs. Year Ago	Down -25% Vs. Year Ago	Down -17% Vs. Year Ago


		Units Sold With relatively few transactions, there was a decrease in total units sold in December, with 21 sold this month in Capitol Hill (SE) Real Estate. This month's total units sold was lower than at this time last year, a decrease from December 2021.
Active Inventory Versus last year, the total number of homes available this month is higher by 5 units or 9%. The total number of active inventory this December was 61 compared to 56 in December 2021. This month's total of 61 is lower than the previous month's total supply of available inventory of 77, a decrease of 21%.
		Median Sale Price Last December, the median sale price for Capitol Hill (SE) Homes was $950,000. This December, the median sale price was $714,000, a decrease of 25% or $236,000 compared to last year. The current median sold price is 12% lower than in November. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 31	Current Contracts 15	Sold Vs. List Price 96.6%	Months of Supply 2.9

Down -22% Vs. Year Ago	Down -61% Vs. Year Ago	Down -1.9% Vs. Year Ago	Up 123% Vs. Year Ago


		Months of Supply In December, there was 2.9 months of supply available in Capitol Hill (SE), compared to 1.3 in December 2021. That is an increase of 123% 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 31 homes newly listed for sale in Capitol Hill (SE) compared to 40 in December 2021, a decrease of 23%. There were 15 current contracts pending sale this December compared to 38 a year ago. The number of current contracts is 61% lower than last December.
		Sale Price to List Price Ratio In December, the average sale price in Capitol Hill (SE) was 96.6% of the average list price, which is 1.9% lower than at this time last year. Days on Market This month, the average number of days on market was 38, lower than the average last year, which was 46, a decrease of 17%.


	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.