Monday, January 31, 2011

The January 2011 Evers & Co. Real Estate Report

The January market is off to an uneven start with many more buyers out looking, and fewer desirable properties for them to look at. While the flow of new listings was probably delayed by bad weather, the numbers are still looking good. The average price in the close-in Metro area was up 5% over last January and that’s an increase for the 14th consecutive month. The dollar volume of solds was up for the 2nd month in a row, with a 6.5% increase over last January. With the combination of low mortgage interest rates and increased consumer confidence, we should see a steady, strong pace of sales in 2011. *Statistics are taken from the Metropolitan Regional Information System for three areas: Washington, D.C.; Montgomery Country, Maryland; and Fairfax County, Arlington, Alexandria and Falls Church in Virginia.
-D.Evers Broker

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