D.C.Residential Real Estate Continues to Rebound During Summer Months

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Evers & Co. Real Estate President Donna Evers says the D.C. housing market continues to strengthen as June 2011 marked the 14th consecutive month of increased average prices over the previous month.

The Washington, D.C. residential real estate market continues to strengthen, with prices continuing to rebound as June 2011 marked the 14th consecutive month of increased average prices over the previous month.

“The summer months are shaping up to be quite strong as our housing market steadily continues to recover,” said Evers & Co. Real Estate President and Broker, Donna Evers. “When you look to last year’s numbers, you see the summer of 2010 was also quite strong due to the First Time Homebuyers Tax Credit, which significantly bolstered home sales.”

Historically low mortgage rates continue to entice homebuyers and sellers with rates continuing to decline within the last few days. Chad Loube of First Place Bank says that because rates have gone down this week, “Homebuyer's can obtain 30-year fixed rate loans up to $729,750 in the mid-four percent range.”

“With the combination of low mortgage rates and plenty of inventory that is priced well, now truly is the best time to buy a home within the metro D.C. area.”

Evers expects home buying to remain strong through July, and to surpass the July of 2010 sales figures because of what she calls, ‘homebuyer enthusiasm,’ in the metro Washington, D.C. market.

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.                                                                            

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Rebecca Noel
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