March 2012 housing market statistics for DC zip code 20002 -- which includes H Street, Capitol Hill North, NoMa, Eckington, and Trinidad -- were released Tuesday, April 10th. March shows higher sale prices and shorter days-on-market over last year, repeating a trend also seen in February. The average property is now selling at 95.32% of original list price, an increase of .03% over March 2011.
- Average Sold Price: up 3.9% over last year
- Inventory: dropped 31.58%
- Days-on-Market: dropped 22.97%
Generally, when housing inventory declines buyers must compete for fewer available properties leading to an increase in prices and shorter days on market. Clearly, homes in 20002 are now selling faster and at higher prices than March 2011.
March 2012 Statistics: 20002
|Statistic||Values||Year Over Year||Month Over Month|
|Total Sold Dollar Volume||$24,040,793||-18.05%||40.77%|
|Median Sold Price||$383,750||1%||2.85%|
|Average Sold Price||$429,300||3.90%||3.07%|
|Avg Days-on-Market||57 days||-22.97%||21.28%|
|Avg Sold to Orig List Ratio||95.32%||0.03%||-0.26%|
The detailed report for zip 20002 shows the highest sales activity for three-bedroom
townhouses. In March 2012 there were 23 sales of 3BR attached homes which sold for an average price of $460,809.