The Long & Foster Market Minute

Focus On: Capitol Hill (NE) Housing Market March 2021

Zip Code(s): 20002
Units Sold
142
Active Inventory
157
Median Sale Price
$738,950
Days On Market
25
Up
Vs. Year Ago
Down -7%
Vs. Year Ago
Up 12%
Vs. Year Ago
Down -4%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 142 sold this month in Capitol Hill (NE) 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 lower by 12 units or 7%. The total number of active inventory this March was 157 compared to 169 in March 2020. This month's total of 157 is lower than the previous month's total supply of available inventory of 163, a decrease of 4%.

Median Sale Price
Last March, the median sale price for Capitol Hill (NE) Homes was $657,450. This March, the median sale price was $738,950, an increase of 12% or $81,500 compared to last year. The current median sold price is 3% higher than in February.

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


New Listings
193
Current Contracts
162
Sold Vs. List Price
101.8%
Months of Supply
1.1
Up 26%
Vs. Year Ago
Up 82%
Vs. Year Ago
Up 0.8%
Vs. Year Ago
Down -34%
Vs. Year Ago

Months of Supply
In March, there was 1.1 months of supply available in Capitol Hill (NE), compared to 1.7 in March 2020. That is a decrease of 35% 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 193 homes newly listed for sale in Capitol Hill (NE) compared to 153 in March 2020, an increase of 26%. There were 162 current contracts pending sale this March compared to 89 a year ago. The number of current contracts is 82% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Capitol Hill (NE) was 101.8% of the average list price, which is 0.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 25, lower than the average last year, which was 26, a decrease of 4%.

The Long & Foster Market Minute Capitol Hill (NE) is defined as properties in zip code 20002.
*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.