Thursday, May 22nd, 2014 by Office
According to an article in the Washington Business Journal:
Tight inventory continues to push housing prices up in the Washington market, and any relief will come from new construction more than from existing homes being sold.
Real estate firm Redfin says just 0.56 percent of existing homes in the Washington metro are currently for sale, among the lowest sale-to-inventory rates in the nation.
A report from Long & Foster Real Estate says active inventory in the District was down 12 percent from a year ago.
Long & Foster says sellers last month got, on average, more than list price in 8 of the 15 D.C. neighborhoods it tracks.
This is a real problem for interested buyers in Washington DC because there's nothing that can be done about it. Maybe they're thinking that there just aren't many residents looking to sell their homes so they're left to deal with slim pickings. But what if the problem is not that residents don't want to become sellers, but rather, an issue of not having anything worth selling? If you're a seller and this echoes your woes, know that you can turn to roofing companies in Washington DC to turn things around for you.
As a company offering DC roofing services, Maggio Roofing understands the kind of beating that roofs go through to protect properties. If it's not a massive hit from Mother Nature, it's accumulated wear and tear over time that usually gets roofs done in. Getting your roof looked at is an excellent way to get your home back into shape and back into the market because it accounts for much of your property's exterior. Be it a repair or replacement, working only with a reputable roofing company ensures that you'll get what you need. Maggio Roofing has more than 30 years of experience under its belt, certified by top names in roofing like GAF and CertainTeed.
(Article Excerpt from “Washington’s big housing problem: Not enough sellers”, Washington Business Journal, April 23, 2014)