Evers & Co. Real Estate President Says June Saw Biggest Increase in Home Sales Prices in the Spring Washington, DC-Area Housing Market
Washington, DC (PRWEB) July 16, 2013 -- The summer housing market is off to a sizzling start with June showing the biggest increase in sales prices this year for the close-in D.C.-area residential real estate market as sales prices continue to rise as buyer confidence remains high and inventory remains low. The average sales price was up 9.4 percent over June 2012, and the dollar volume of sales in June was up 24 percent compared to last. Days on the market were down a significant 41 percent from June 2012 in the close-in D.C.-metro area market.
“While we have seen a steady increase in prices over this spring and for almost a year, June was the strongest month with some pretty amazing numbers that reflect how popular and competitive the close-in DC-metro housing market is,” says Donna Evers, president and broker of Evers &Co. Real Estate. “A 41 percent decrease in days on the market is almost half the time from just last June and shows how quickly things are moving in this market where inventory shortages remain low and buyer interest is only increasing.”
While there was a recent increase in mortgage rates, Evers reiterates the current rates continue to be historically low compared to former rates, and buyers should take advantage of these rates especially as home values and sales prices continue to rise. Evers says the steady increase in home values and prices for properties in the close-in DC-metro area may surprise some current home owners and sellers.
“As home prices have continued to rise over the last year in the District and the close-in DC-metro area, properties may now be worth more than owners realized,” says Evers.” It’s been a lot of years since we have been able to say that but for the first time, in a long time, their house may actually be worth more than they thought.”
For sellers, Evers stresses the importance of pricing properties correctly and taking the steps to have their properties show well and says that properties in the DC- area’s popular neighborhoods under $1.2 million should fare well with so many buyers looking to purchase in that range.
*Statistics are taken from the Metropolitan Regional Information System for three areas: Washington, DC; 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.
Susanna Palmer, for Evers & Co., http://www.eversco.com, (301) 836-1516 500, [email protected]
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