The Long & Foster Market Minute

Focus On: Capitol Hill (SE) Housing Market April 2019

Zip Code(s): 20003
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 23%
Vs. Year Ago
Up 8%
Vs. Year Ago
Up 11%
Vs. Year Ago
Up 47%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 53 sold this month in Capitol Hill (SE) Real Estate versus 51 last month, an increase of 4%. This month's total units sold was higher than at this time last year, an increase of 23% versus April 2018.

Active Inventory
Versus last year, the total number of homes available this month is higher by 5 units or 8%. The total number of active inventory this April was 70 compared to 65 in April 2018. This month's total of 70 is lower than the previous month's total supply of available inventory of 74, a decrease of 5%.

Median Sale Price
Last April, the median sale price for Capitol Hill (SE) Homes was $665,000. This April, the median sale price was $740,000, an increase of 11% or $75,000 compared to last year. The current median sold price is 6% lower than in March.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Up 3%
Vs. Year Ago
Up 4%
Vs. Year Ago
No Change
Vs. Year Ago
Down -13%
Vs. Year Ago

Months of Supply
In April, there was 1.3 months of supply available in Capitol Hill (SE), compared to 1.5 in April 2018. That is a decrease 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 79 homes newly listed for sale in Capitol Hill (SE) compared to 77 in April 2018, an increase of 3%. There were 58 current contracts pending sale this April compared to 56 a year ago. The number of current contracts is 4% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Capitol Hill (SE) was 101.2% 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 25, higher than the average last year, which was 17, an increase of 47%.

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.