MARKET UPDATE: CAPITOL HILL – Nov. 2014
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.
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 %
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