(PRWEB) August 14, 2014
Prospective D.C. area home buyers will see less competition in the real estate market this August, since many competitive buyers are enjoying the final weeks of summer out of town. When looking at the July 2014 real estate statistics, the close-in D.C. area experienced a nine percent increase in dollar volume of sales, a two percent increase in average price and a 16 percent increase in days on the market over July 2013.*
These numbers are consistent with a slight decrease in the competitiveness of this high-demand market, which means buyers have a rare opportunity to place a bid on a home with relatively little competition.
“Buyers should take advantage of these next few weeks while many of their competitors are out on vacation,” says Donna Evers, president and broker of Evers & Co. Real Estate, the largest independent, woman-owned real estate firm in metro Washington. “If buyers decide to wait until the fall to buy, they may find they missed a golden opportunity.”
Mortgage rates are also continuing to decline, according to Evers, which means the market is looking bright for prospective buyers, despite low inventory conditions across the Washington, D.C. region.
To watch DC real estate veteran, Donna Evers’, personal analysis of the July 2014 statistics visit: https://www.youtube.com/watch?v=qlQY4JzgKWo
*Statistics are taken from the Metropolitan Regional Information System for Washington, D.C.
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 or find us on Facebook at http://www.facebook.com/EversCo