MARKET UPDATE: CAPITOL HILL – Nov. 2014

MARKET UPDATE: CAPITOL HILL – Nov. 2014

Dec 12 20140 Comment

Perhaps it sounds a bit redundant but Capitol Hill continues to be a hot market for sellers. Inventory shrunk, with only 10 single family homes coming on the market in November. This was down 50% compared to October and down 41.2% compared to November of 2013. During the same period, 12 homes were placed under contract and 13 sales closed.

 Capitol Hill – For Sale vs. SoldTGChartImage (8)

The average days on market was only 21 days and sellers received 100% of their asking price on average:

Capitol Hill – Days on Market | Sold/List Price %

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Clearly buyers are still itching to buy homes in the neighborhood which means that with the 3rd straight month shrinking inventory in the books, December and January could be a really great time to list a Capitol Hill home for sale!

Capitol Hill – Months of Inventory

TGChartImage (10)