The Washington D.C. Metropolitan Area, often referred to as the DMV is the metropolitan area centered on Washington, D.C., the capital of the United States. The area includes all of the federal district and parts of the U.S. states of Maryland and Virginia, along with a small portion of West Virginia.
Laurel Murphy Real Estates focus and service area includes: (the graphs above reflect the real estate activity in LMREs service area – DC Metro)
Falls Church City, VA, Alexandria City, VA, Arlington County, VA, Fairfax City, VA, Fairfax County, VA, Washington D.C., Montgomery County, MD and Prince Georges County, MD. * Portions of Loudon County, VA, Prince William County, VA and Fauquier County, VA.
Working with an agent who understands the larger DC Metro real estate market helps both the seller and buyer by highlighting trends and opportunities.
Between federal agencies, military contractors and installations, the 27 institutes that comprise the National Institute of Health, the biotechnology industry, educational institutions, and other government personnel makes this a highly transient area.
Having an agent with this perspective eases the process of marketing one’s home whether to sell, relocate or move into the area.
National Association of Realtors 2019 Snapshot of todays Home Buyers
Home Buying and Real Estate Professionals
- 89% of buyers recently purchased their home through a real estate agent or broker, and 5% purchased directly from a builder or builder’s agent.
- Having an agent to help them ﬁnd the right home was what buyers wanted most when choosing an agent at 52%.
- 75% of buyers interviewed only one real estate agent during their home search.
- 90% of buyers would use their agent again or recommend their agent to others.
National Association of Realtors 2019 Snapshot of todays Home Sellers
Home Selling and Real Estate Professionals
- 75% of recent sellers contacted only one agent before ﬁnding the right agent they worked with to sell their home.
- 89% of sellers listed their homes on the Multiple Listing Service (MLS), which is the number one source for sellers to list their home.
- 75% of sellers reported that they provided the agent’s compensation.