Washington, D.C. (PRWEB) June 14, 2013
The May housing market saw steady growth and continuing strength in the close-in Washington, D.C. metro area residential real estate market during the traditionally busy spring period. The dollar volume of sales in May was up 23.8 percent over May 2012, and the average sales price was up 4.8 percent for the close-in D.C.-metro area market. The number of days on the market was down 28.5 percent compared to last May, despite very low inventory, as buyer confidence and demand remains high and housing prices continue to rise in the continually strong D.C.-area housing market.
“The last several months show we have a continuing pattern of success and improvement in the housing marketplace this year,” says Donna Evers, president and broker of Evers & Co. Real Estate. “When comparing to the same months in 2012, the positive gains across the board show tremendous improvements in the metro D.C.-area market that will continue this summer.”
Evers says the increasingly popular close-in D.C.-area housing market has continued to gain strength over the last year, despite previous speculation and concerns that the shadow inventory of foreclosed and distressed properties would saturate the market and stall the recovery. She also notes the forecast of baby boomers exiting the housing market hasn’t occurred, and they remain very active and play an influential part in the residential real estate market.
“There have been some short- and long-term predictions and forecasts about the housing market and consumer behavior that haven’t taken place, especially when it comes to the baby boomers,” says Evers. “People are not retiring at age 65 and selling their homes to rent or find alternative housing options. Instead, they are still very active as both buyers and sellers and are feeding the housing market, especially in our area.”
- 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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