Washington, D.C. (PRWEB) February 14, 2013
The spring housing market has already sprung this year as the close-in Washington, D.C.-metro area residential real estate market was off to a very active and competitive start in January. The dollar volume of sales for the close-in D.C.-metro area market was up almost 10 percent, and the average sales price was up 5 percent over January 2012. The number of days on the market was down an impressive 21.77 percent compared to last January.
“What the January numbers mean is that more properties are selling faster and at higher prices in the close-in D.C.-area housing market,” says Donna Evers, Evers & Co. Real Estate President and Broker. “Having so many motivated buyers and an extremely limited supply of inventory has led to the increases in the average sales prices we are now seeing.”
Evers says she isn’t surprised that the “spring” market is already in full swing so early in the year, as the very low supply of available properties continues and there is so much competition among buyers. With historically low mortgage rates, high rent and so many interested buyers, Evers says homeowners who are looking to list their property should act soon in this sellers’ market.
“For homeowners who have been waiting to sell their property, the time is now to put it on the market,” says Evers. “With so much buyer demand and such a short supply of available inventory, your property will be very welcome in this highly 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.
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