Washington, DC (PRWEB) March 21, 2011
With consumer confidence up in the Metro area and across the nation, Evers & Co. Real Estate President and Broker Donna Evers notes that the recovery in the Washington, D.C. area residential real estate market is accelerating.
"The average price in the close-in Metro area rose for the 10th consecutive month over last year," said Evers. "It is also a great sign that dollar volume of sales is up again for the third month in a row."
Dollar volume of sales had previously been in decline after the end of the First Time Homebuyers Tax Credit last fall.
Low interest rates are also helping bolster the market. "Contrary to expectations, interest rates are still at an historic low," said Evers. "The bond market is doing well, with the U. S. being a safe haven for investors, compared to the turmoil in the rest of the world, from the economic problems in Europe to political upheaval in the Middle East, to the disastrous earthquake in Japan."
As for the spring selling season, Donna remains quite optimistic.
"With continued low rates and improving consumer confidence, there is every indication that March will be an even stronger month for sales in the Metro area than February," she said.
*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 by Donna Evers, Evers & Co. Real Estate maintains its success through a strong referral base and agents who enjoy a premier reputation for their expertise and in-depth knowledge of Washington Metro Area homes and neighborhoods. Evers & Co. is home to 80 licensed real estate professionals with decades of combined experience, who enjoy access to a first-of-its-kind Agent Resource Center. The agency is the largest woman-owned and-operated residential real estate firm in the area and 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.