The Long & Foster Market Minute

Focus On: Capitol Heights and District Heights Housing Market June 2021

Zip Code(s): 20743 and 20747
Units Sold
91
Active Inventory
71
Median Sale Price
$305,000
Days On Market
20
Down -8%
Vs. Year Ago
Down -51%
Vs. Year Ago
Up 13%
Vs. Year Ago
Down -38%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 91 sold this month in Capitol Heights and District Heights Real Estate versus 105 last month, a decrease of 13%. This month's total units sold was lower than at this time last year, a decrease of 8% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 75 units or 51%. The total number of active inventory this June was 71 compared to 146 in June 2020. This month's total of 71 is lower than the previous month's total supply of available inventory of 84, a decrease of 15%.

Median Sale Price
Last June, the median sale price for Capitol Heights and District Heights Homes was $271,000. This June, the median sale price was approximately the same at $305,000. The current median sold price is 13% higher than in June 2020.

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


New Listings
109
Current Contracts
101
Sold Vs. List Price
101.6%
Months of Supply
0.8
Up 14%
Vs. Year Ago
Down -14%
Vs. Year Ago
Up 2.3%
Vs. Year Ago
Down -47%
Vs. Year Ago

Months of Supply
In June, there was 0.8 months of supply available in Capitol Heights and District Heights, compared to 1.5 in June 2020. That is a decrease of 47% 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 109 homes newly listed for sale in Capitol Heights and District Heights compared to 96 in June 2020, an increase of 14%. There were 101 current contracts pending sale this June compared to 118 a year ago. The number of current contracts is 14% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Capitol Heights and District Heights was 101.6% of the average list price, which is 2.3% higher than at this time last year.

Days on Market
This month, the average number of days on market was 20, lower than the average last year, which was 32, a decrease of 38%.

The Long & Foster Market Minute Capitol Heights and District Heights are defined as properties listed in zip code/s 20743 and 20747.
*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.