Washington, D.C. (PRWEB) May 15, 2013
The year’s first four months showed steady growth for the close-in Washington, D.C.-metro area residential real estate market as buyer demand remained high and inventory remained low. The dollar volume of sales in April was up 21 percent over April 2012, and the average sales price was up 6 percent for the close-in D.C.-metro area market. The number of days on the market was down a significant 35 percent compared to last April as more buyers come into the very competitive D.C.-metro area housing market.
“Since the start of the year, the trend is continuing towards more and more housing sales as many buyers are looking to purchase a home in this extremely popular market,” says Donna Evers, president and broker of Evers & Co. Real Estate. “We have so many motivated buyers coming into this market at a time when we are dealing with incredibly low inventory.”
Evers says the supply of inventory in the greater D.C-metro area is down to 1.9 months, which is the lowest it has been since the peak of the housing market in 2005. As buyer demand remains strong and the steady increase in home sale prices continues, more property owners may decide now is the time to sell.
“Sellers have been hesitant and not quite getting out there yet,” says Evers. ”But, with home prices going up every month in our area and the news continues to spread that it’s a great market to sell, more will get back into the marketplace.”
The average sale price was 98.6 percent of the list price for properties sold in April in the close-in metro area. While this is a sellers’ market, Evers stresses the importance of sellers pricing their property correctly and taking the necessary steps for their home to show well.
- 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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