Late Fall Real Estate Market Capitol Hill
NOVEMBER 2020 Neighborhood Numbers are IN for the Capitol Hill Real Estate Market!
Fall heading into winter showed a more robust market than usual, with inventory up 1% overall from one year ago. Low mortgage rates continue to attract buyers to enter or stay in the market, while median sales prices inch upward.
In Washington DC…
- Sellers achieved 99.7% of list price (consistently hovering near 100% for recent months).
- The median price for a home sold in November is $682,500, up 10% from $617,720 one year ago.
Compare our Capitol Hill neighborhood with the rest of DC below:
A few highlights:
- Median sales prices in each zip code are higher than the DC median of $682,500, and up double digit percentage from one year ago.
- In 20002 neighborhood (NE CapHill) inventory is up 8% from a year ago, and low mortgage rates are driving solid sales prices just above list price.
- In 20003 neighborhood (SE CapHill), inventory shot up 35% from one year ago, with days on market only 19 and prices reflecting that competition, with a median sales price of $894,500.
Walkable, bike-able and neighborhood-friendly Capitol Hill remans a very desirable neighborhood for home buyers. If you are curious about the value of your home, or how to make the right strategic investments, contact us today!