Real Estate Round-Up

City Influence Realtor Outlook shows Business Increasing for area Agents

The City Influence survey of Realtors for June 2009 shows more business activity for agents in the Washington real estate market last month and this month. The Realtor Outlook combines projected transactions, current activity, seller flexibility, buyer demand and anticipated hiring into one index.

One hundred percent (100%) of Realtors reported that they did more business this month than last month. Fifty percent (50%) say they expect to do more business next month than this month. All others reported that business has been and is expected to be about the same. All said they do not expect to hire people in the next month.


The overall index for June showed a significantly positive sentiment among Realtors with a value of 68. The index ranges from 0 to 100. Seventy percent (70%) of Realtors are finding Sellers more flexible in their expectations on price, compared to 80% last month. At the same time, 50% of Buyers are more demanding in their negotiations with Sellers, the same as last month. Twenty percent report that Buyers are actually less demanding, up from 10% last month.



“With the index showing 68 at a positive value, the outlook in the short term remains positive. The key finding in this month's index is that 100% of Realtors are very bullish on their own business expectations and expect to do as much or more business next month than this,” said Kim Hoover, President of City Influence.



City Influence is a real estate marketing and research firm based in Washington, DC. For more information on surveys, marketing or other City Influence services, please contact Kim Hoover at 202-309-5209.



# # # #