Capitol Hill (SE) Housing Market Data

There was a decrease in total units sold in September, with 31 sold this month in Capitol Hill (SE) Real Estate versus 37 last month, a decrease of 16%. This month's total units sold was higher than at this time last year, an increase of 3% versus September 2017.

Versus last year, the total number of homes available this month is higher by 16 units or 23%. The total number of active inventory this September was 85 compared to 69 in September 2017. This month's total of 85 is higher than the previous month's total supply of available inventory of 67, an increase of 27%.

Last September, the median sale price for Capitol Hill (SE) Homes was $712,500. This September, the median sale price was $725,000, an increase of 2% or $12,500 compared to last year. The current median sold price is 17% lower than in August.

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

In September, there was 2.7 months of supply available in Capitol Hill (SE), compared to 2.3 in September 2017. That is an increase of 19% 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 95 homes newly listed for sale in Capitol Hill (SE) compared to 85 in September 2017, an increase of 12%. There were 53 current contracts pending sale this September compared to 64 a year ago. The number of current contracts is 17% lower than last September.

In September, the average sale price in Capitol Hill (SE) was 100.0% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 20, lower than the average last year, which was 41. This decrease was impacted by the limited number of sales.





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

Zip Code(s): 20003
Units Sold 31	Active Inventory 85	Median Sale Price $725,000	Days On Market 20

Up 3% Vs. Year Ago	Up 23% Vs. Year Ago	Up 2% Vs. Year Ago	Down Vs. Year Ago


		Units Sold There was a decrease in total units sold in September, with 31 sold this month in Capitol Hill (SE) Real Estate versus 37 last month, a decrease of 16%. This month's total units sold was higher than at this time last year, an increase of 3% versus September 2017.
Active Inventory Versus last year, the total number of homes available this month is higher by 16 units or 23%. The total number of active inventory this September was 85 compared to 69 in September 2017. This month's total of 85 is higher than the previous month's total supply of available inventory of 67, an increase of 27%.
		Median Sale Price Last September, the median sale price for Capitol Hill (SE) Homes was $712,500. This September, the median sale price was $725,000, an increase of 2% or $12,500 compared to last year. The current median sold price is 17% lower than in August. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 95	Current Contracts 53	Sold Vs. List Price 100.0%	Months of Supply 2.7

Up 12% Vs. Year Ago	Down -17% Vs. Year Ago	No Change Vs. Year Ago	Up 19% Vs. Year Ago


		Months of Supply In September, there was 2.7 months of supply available in Capitol Hill (SE), compared to 2.3 in September 2017. That is an increase of 19% 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 95 homes newly listed for sale in Capitol Hill (SE) compared to 85 in September 2017, an increase of 12%. There were 53 current contracts pending sale this September compared to 64 a year ago. The number of current contracts is 17% lower than last September.
		Sale Price to List Price Ratio In September, 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 20, lower than the average last year, which was 41. This decrease was impacted by the limited number of sales.


	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 MRIS 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 MRIS or Long & Foster Real Estate, Inc.