Evers & Co. Real Estate President Donna Evers Reports on Latest Washington, D.C. Area Residential Housing Market Indicators for November

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Dominating the November 2009 numbers, the dollar volume of housing sales for the close-in Greater Washington metropolitan area market made a significant 64 percent surge over November 2008. Even more astounding was the 83 percent increase in sales volume over the same month last year for Washington, D.C., specifically.

Dominating the November 2009 numbers, the dollar volume of housing sales for the close-in Greater Washington metropolitan area market made a significant 64 percent surge over November 2008. Even more astounding was the 83 percent increase in sales volume over the same month last year for Washington, D.C., specifically.

"At first, I thought this large jump in volume of sales had to be a typo, but the numbers stand true as a very positive indicator that the market is picking up," said Evers & Co. Real Estate President and Broker Donna Evers. "Sales trailed last year's numbers for the first part of the year, but starting in May, the dollar volume began to improve and has been getting better each month up to this significant improvement for November."

Prices have steadily been lower than last year, but the difference is diminishing each month. In November, the average price was 3.8 percent lower than November 2008. Inventory is at 4.5 months' supply, which continues to remain low compared to the average of 7.5 months' supply for 2008.

"It appears that the record low interest rates that are currently available, the extension and expansion of the First-Time Homebuyers $8,000 Tax Credit, and improving consumer confidence, are all factors contributing to improving the metropolitan area residential real estate market," Evers added.

Evers & Company has grown in 2009 to include more than 70 licensed agents, a development that Donna Evers recognizes as key to firm's success throughout the economic downturn.

  • Statistics are taken from the Metropolitan Information System for three areas: Washington, D.C., Montgomery Country, Maryland; and Fairfax County, Arlington, Alexandria and Falls Church in Virginia.

About Evers & Co.
Founded in 1985, Evers & Co. Real Estate has enjoyed an outstanding reputation and ranks among the top companies in the Washington Metro area for the highest sales volume per agent and the highest average home sale price. Evers & Co. maintains its success through a strong referral base and agents known their expertise and in-depth knowledge of Metro area homes and neighborhoods. Evers & Co. is home to more than 70 licensed real estate agents with decades of combined experience. The agency is a member of Unique Homes Affiliate Network, Who's Who in Luxury Real Estate and FIABCI, the largest international real estate organization in the world. In addition, the agency has an alliance with My Home In Paris, a residential real estate firm in Paris, France. For more information, visit http://www.eversco.com.                                                

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