The Long & Foster Market Minute

Focus On: Capitol Hill (SE) Housing Market June 2021

Zip Code(s): 20003
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 7%
Vs. Year Ago
Down -15%
Vs. Year Ago
No Change
Vs. Year Ago
Down -26%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 58 sold this month in Capitol Hill (SE) Real Estate versus 62 last month, a decrease of 6%. This month's total units sold was higher than at this time last year, an increase of 7% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 13 units or 15%. The total number of active inventory this June was 72 compared to 85 in June 2020. This month's total of 72 is lower than the previous month's total supply of available inventory of 79, a decrease of 9%.

Median Sale Price
Last June, the median sale price for Capitol Hill (SE) Homes was $855,000. This June, the median sale price was $855,000, which is similar compared to a year ago. The current median sold price is 2% higher than in May.

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 20%
Vs. Year Ago
Down -7%
Vs. Year Ago
Up 3.6%
Vs. Year Ago
Down -21%
Vs. Year Ago

Months of Supply
In June, there was 1.2 months of supply available in Capitol Hill (SE), compared to 1.6 in June 2020. That is a decrease of 21% 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 84 homes newly listed for sale in Capitol Hill (SE) compared to 70 in June 2020, an increase of 20%. There were 65 current contracts pending sale this June compared to 70 a year ago. The number of current contracts is 7% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Capitol Hill (SE) was 103.8% of the average list price, which is 3.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 14, lower than the average last year, which was 19, a decrease of 26%.

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.