Home Sales Remain Strong in Washington, DC Region throughout May 2017
Arlington, Virginia Home Sales Skyrocket in Region
Washington, D.C. – Home sales in the metropolitan Washington, D.C. region during the month of May 2017, when compared to May of 2016, held to double digit increases, and skyrocketing sales reported in Arlington, Virginia.
According to the Metropolitan Regional Information System (MRIS), which tracks all home listing and sale activity as reported by licensed residential real estate agents each month, the month of May showed a robust increase in sales, a moderate increase in price and a marked decrease in days on the market. The District and Fairfax County both showed an increase of 13.3% in dollar volume of sales over last year, and Arlington hit it out of the park with an increase of 31%.
“These numbers are strong, but don’t seem to indicate a “bubble” market, since the steady moderate increase in price is largely due to the tremendous shortage of product, especially in the close-in areas where demand is the highest,” according to Donna Evers, owner and broker of Evers & Co.
While Montgomery County and Alexandria lagged with slightly negative sales numbers in May, all the jurisdictions showed a decrease in the average number of days homes remained listed for sale. In the regional reporting system, Arlington led in the lowest number of days on the market, with a reported 24% lower statistic, and showed the highest average price for homes, with +8.4%.
Upon further analysis and looking to the start of the summer sales season, Evers noted, “Right now, there seems to be nothing happening which would increase the number of properties for sale on the market, so we can anticipate similar numbers in the month of June.”
Evers & Co. is led by Donna Evers, and her firm remains the largest independent, woman-owned and-operated residential real estate company in the metropolitan D.C. area, with 100 passionate and dedicated agents and four offices — including two in the District, one in Bethesda/Chevy Chase and one in Virginia.
For more information about local metropolitan Washington, D.C. neighborhoods, please visit www.eversco.com or call 202-364-1700 to contact a knowledgeable real estate agent to help guide you through the selling or buying process. For updates on metropolitan Washington, D.C. real estate, connect with Evers & Co. on Twitter @EversCo and Facebook.
*Statistics are compared with the previous year and taken from the Metropolitan Regional Information System for the following areas: The District of Columbia; Montgomery County, Maryland; and Fairfax County, Arlington and Alexandria in Northern 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 independent, woman-owned and -operated residential real estate firm in the area and the exclusive Washington, DC and Chevy Chase, Maryland partner with Leverage Global Partners, and a member of 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.