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SOURCE: for Evers & Co. Real Estate, Inc.
Builders and Renovators Are Becoming Increasingly Active In the D.C. Metro-Area Residential Real Estate Market as Buyer Demand Exceeds Available Inventory
Washington, D.C. (PRWEB) November 19, 2012
Despite a continuing shortage of available inventory of properties for sale, the Washington D.C. metro-area residential housing market remains strong this fall, as evidenced by a 28 percent increase in the dollar volume of sales over October 2011. The area market also saw a six percent increase in the average home price and the average days on the market dropped by 30 percent compared to October 2011.
“October showed a clear sweep, across-the-board, of very good numbers in the D.C. metro-area housing market,” says Donna Evers, Evers & Co. Real Estate President and Broker. “Every indicator shows that we’ve got tremendous momentum in this fall’s residential real estate market, with many motivated buyers in our area.”
Evers says the D.C.-area market, which remains one of the strongest in the nation, is continuing to improve at a faster pace. With many buyers eager to purchase properties in popular neighborhoods and low inventory, builders, developers and home renovators are actively engaged in the market.
“One of the clearest signs of the strength of the market is the number of builders and renovators who are hitting the market hard,” adds Evers. “They are searching the area for land to build on and properties to renovate and sell in this competitive and very popular market.”
About Evers & Co.
Founded in 1985 by Donna Evers, Evers & Co. Real Estate 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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