D.C. metro pending sales surge during Federal shut down

Written by Posted On Thursday, 24 October 2013 11:15
Pending sales surged in the D.C. metro area during Federal shut down Pending sales surged in the D.C. metro area during Federal shut down

In the D.C. area, where the majority of federal workers that were furloughed live, you would think homebuyers would have taken a break from house searches until the area’s largest employer got back to work. But the numbers tell a different story. 

Looking over the pending sales (contracts written), buyers kept competing on the low inventory of homes during the shut down. Measuring the contract writing from October 1 – 22, 2013 showed that overall, buyers wrote 17.9% more contracts than the same time last year in the Washington, D.C. metro area. Federal employees, contractors and those who rely on the economy driven from the government seemed to not worry much about whether or not to write contracts during the shutdown.

Contracts in Northern Virginia as a whole were flat with a drop of less than 1%, but the other areas surrounding surged ahead.

Prince George’s County, MD saw a sharp increase with 30% (PG Co., was also the hardest hit after the housing bubble popped). Montgomery County was up 35%; while D.C. came in at 29% above the same period last year.

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Anthony Carr

Anthony Carr is an Associate Broker and real estate authority with RE/MAX West End in Falls Church, VA, a boutique and powerful office serving the whole VA|MD|DC market. He helps buyers, sellers, and investors navigate through the pitfalls and mosaic of the real estate transaction in the robust market of Northern Virginia, Washington DC, and Montgomery & Prince Georges counties in Maryland. 

He launched Anthony Carr Associates LLC and brings a steady, stable and stress-free approach to serving his clients. Licensed for more than 20  years, he is a sought out authority in the region, having given back to the industry, not only as a real estate agent, but also regional sales trainer, managing broker and published author in the robust market of Washington, D.C. 

He has trained and coached thousands of agents in the DC area and managed top teams to higher production and customer service. Anthony's real estate career is diverse, and he has proven his expertise as a sought-after speaker, author, blogger and problem solver. Anthony authored the book "Real Estate Investing Made Simple: A commonsense approach to building wealth"; and was a contributing writer to "The Best Real Estate Advice I Ever Received," published by the Trump Organization. 

He's published hundreds of articles both online and in print and has been interviewed by news outlets nationwide, including the Los Angeles Times, The Washington Times, Woman's Workd magazine and numerous webcasts. He was also featured several times on CNN's Open House broadcast. 

Follow his blog and videos at www.AnthonyCarr.net/blog



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