Our Market Performance in February 2011 vs. 2010

In the Top 3: Notable Results Compared to 2010 levels

So far this year, we have seen a remarkable increase in buyer activity (see new listings below) not only in visits to Open Houses in the area but also in the number of contract contracts written on homes on the market. We are also helping clients who are listing their properties now rather than later. We are expecting higher inventories (more competition for buyers) in the next few weeks.

Last year in February, buyers were starting to feel the urgency of the looming deadline on the final homebuyer tax credit, which pulled forward demand into the early months of the year. This year, we are experiencing a more typical seasonal sales curve this year without the tax incentives.

The buying season is heating up, and I am confident that buyers and sellers on the fence may feel inspired to move with rising interest rates, increased consumer confidence, and stabilizing job reports. In fact, my office had a 15% increase in sales volume and a 9% increase in number of homes sold above year-ago levels — clearly exceeding the performance of the industry. My office is in the Top 3 of all of Long & Foster (186 offices) compared to year-ago levels, notable especially given that we are now operating without homebuyer tax incentives.

F. Hill Slowinski, JD, REALTOR® in DC, MD, and VA
W.C. & A.N. Miller Realtors, A Long & Foster Company
Exclusive Affiliate of Christie’s Great Estates, President’s Club 2009
Consultant, Luxury Real Estate, Sloans & Kenyon Auctioneers and Appraisers
4701 Sangamore Road, Bethesda, Maryland  20816
Tel: 301-229-4000  Fax: 301-229-4015
Direct: 301-320-8430 · Cell: 301-452-1409 
Email:  HSlowinski@LNF.com  ·  Web Site: www.HillSlowinski.com 
Weblog: http://HillSlowinskiRealEstate.com