The Evers & Co. Real Estate Market Report for June. We experienced the highest year-over-year rise in average price so far this year in the month of June, with a 9.2% increase over last year at this time. In addition, days-on-the market were down a whole 41% from last June. The dollar volume of sales was up an encouraging 24%, which should help boost sales, since the shortage of listings has hampered sales in general. Buyer demand is still strong despite the recent rise in interest rates, and we are finally seeing more product in all price ranges on the market. We are still looking at the same factors for success: properties that are priced correctly and show well are selling quickly, and often, with multiple bids. Unless mortgage interest rates continue to rise this fall, we expect this market to continue right through to next spring. *Statistics are taken from the Metropolitan Regional Information System for three areas: Washington, D.C.; Montgomery County, Maryland; and Fairfax County, Arlington and Alexandria in Virginia.
Posted on: Tue, 16 Jul 2013 16:39:10 +0000
Trending Topics
Recently Viewed Topics
© 2015