Market Update: Capitol Hill – June 2014

Jul 14 20140 Comment


And the trend continues! Once again, Capitol Hill proved to be a seller’s market in June, with the number of homes placed under contract up 10.5% compared to May and up 23.5% compared to the same period last year. Here are some other relevant facts:

>>The number of homes listed for sale dropped 3.8% compared to last month, giving buyers a slightly smaller pool of homes to choose from

>>Average price per square foot came in neutral at $341 but is up 7.7% compared to the last year

>>The average days on market last month was 19

>>The Sold/Original List Price Ratio remains steady, with seller’s getting 100% of their list price on average

Interested in other neighborhoods? See how the real estate market is performing in Arboretum, Eastlake, Madison Park, Washington Park & Broadmoor.

[Graph] Capitol Hill For Sale vs. Sold

Capitol Hill For Sale vs. Sold June 2014

 

 

Interested in selling your home? Let us put together a market analysis and help you decide if now is the right time to sell.

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