D.C. Housing Market Remains Resilient through Government Furlough

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Evers & Co. President Cites Tremendous Strength in Housing Market

Evers & Co.

Washington, D.C. – The recent government furlough did not significantly impact the Washington-DC real estate market this month as real estate numbers remained strong for October 2013. Compared to October 2012, prices rose by 6.75 percent, dollar volume of sales increased by 28.4 percent and the number of days on the market decreased by 23.6 percent.*

“Resiliency is definitely underscored here in the Washington, D.C. real estate market,” says Donna Evers, president and broker of Evers & Co. Real Estate. “This is the tenth month in the row of real estate numbers that are very similar and show a very strong market.”

While the government furlough may have delayed the closing dates for some buyers and sellers, the region’s housing market withstood the pressure and has remained generally unaffected by the shutdown, Evers said.

The lack of serious impact from the government furlough stands as a testament to the fact that the housing market is recovering at a remarkable rate from the recession in 2008, Evers added. Today, home prices are within 96 percent of what they were at the peak of the market in 2005.

The Washington, D.C. Metropolitan Area’s resiliency bodes well for continued growth into 2014, according to Evers.

  • 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.

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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 more than 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.

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Erin Uy
for Evers & Co.
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