RBI's April 2012 housing market statistics for zip code 20002 -- which includes H Street, Capitol Hill North, NoMa, Eckington, and Trinidad -- were released May 10th. April shows higher sales, prices, and shorter days-on-market over last year, repeating a trend also seen in the March report.
Stats for zip code 20002:
- Sales: up more than 26% over April 2011
- Median Sold Price: up 18.9%
- Close Price Percentage: the average property is now selling at 97.51% of original list price
- Inventory: shows a remarkable drop of 26.78%
- Days-on-Market: 46 days, down almost 27% from April 2011
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 April 2011.
April 2012 Statistics: Zip Code 20002
|Statistic||Values||Year Over Year||Month Over Month|
|Total Sold Dollar Volume||$31,098,536||+26.21%||+29.36%|
|Median Sold Price||$475,000||+18.9%||+23.78%|
|Average Sold Price||$493,628||+10.18%||+14.98%|
|Avg Days-on-Market||46 days||-26.98%||-19.3%|
|Avg Sold to Orig List Ratio||97.51%||-0.08%||+2.3%|
The detailed report for zip 20002 shows the highest sales activity for three-bedroom
townhouses. In April 2012 there were 25 sales of 3BR attached homes which sold for an average price of $521,206 -- an increase of 23.08% over April 2011.