“The outlook for 2013 is great for the close-in Washington, D.C.-area real estate market as the appeal and popularity of this area continues,” says Donna Evers, Evers & Co. Real Estate President and Broker.
Washington, D.C. (PRWEB) January 16, 2013
The close-in Washington, D.C. metro area residential real estate market continued to be one of the strongest real estate markets in the nation throughout the year, with strong numbers closing out 2012. The year ended with an increase of 12 percent in average home sales compared to December 2011 and the dollar volume of sales was up 15.6 percent over the previous December for properties in the close-in Washington, D.C. metro area market.
“Increased buyer confidence, record-low interest rates and the shortage of available inventory of properties were some of the key factors that contributed to the continuing strength of the D.C. metro area market throughout 2012,” says Donna Evers, Evers & Co. Real Estate President and Broker. “The outlook for 2013 is great for the close-in Washington, D.C.-area real estate market as the appeal and popularity of this area continues.”
The extremely low inventory of properties for sale, which Evers predicted over three years ago is expected to continue throughout the winter and into the traditionally busy spring housing-market season. As a result, Evers predicts stiff competition among buyers for well-priced properties in sought after locations in the District and the close-in neighborhoods in Maryland and Virginia. Evers also forecasts a noticeable increase in the sales prices in the first half of the year.
Evers stresses that now is the time for interested buyers and sellers to get back into the housing market. Buyers should take advantage of the continuing historically low interest rates and review all of the types of loan options available. For sellers, Evers says properties in desirable neighborhoods that show well and are priced-competitively should draw multiple offers in the very competitive market.
- Statistics are taken from the Metropolitan Regional Information System for three areas: Washington, D.C.; Montgomery County in Maryland; and Fairfax County, Arlington, Alexandria and Falls Church in Virginia.
About Evers & Co.
Founded in 1985 by Donna Evers, Evers & Co. Real Estate, Inc. 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 100 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. For more information about Evers & Co. Real Estate, visit http://www.eversco.com.