Is there going to be a spring market this year?

[Anonymous]

Last year was the worst as far as listed homes for me, meaning it was touch and go. So far this year, it doesn’t look like things will improve, and please, don’t say things will pick up after the Super Bowl. There’s generally a lot more activity right after the new year, so far nothing.

[Anonymous]

Just my crystal ball, but I'll say white hot.

Last spring started out great then got tanked by tariffs. This year, Trump is reading the room (politics aside).

Inventory is still short. People can afford but been watching rates. Those are looking good now and may even be poised to drop.

It will be a strong spring for DC/DMV for higher income levels. Nationally in spots like the south, will be different.

[Anonymous]

No spring market. No one will ever sell their house again. Buy anything you can find now.

[Anonymous]

Anonymous wrote:No spring market. No one will ever sell their house again. Buy anything you can find now.

Thanks for this 😁

[Anonymous]

I don't think so, unless you have a very desirable house. A lot of the military families will be priced out and living on post or in post-allotted housing or rent from other military families that own houses, which is going to slow sales.

[Anonymous]

I'm sure someone could pull all the data, but take a look at "Units Sold" on the first page of this:

https://marketminute.longandfoster.com/Market-Minute/DC/Washington-DC.pdf

January is always extremely slow (it might even be the slowest month), and it increases gradually every month. The peak is May to July.

[Anonymous]

Yes, tons of listing today and priced much higher at the beach anyway!

[Anonymous]

Anonymous wrote:Yes, tons of listing today and priced much higher at the beach anyway!

Which beach? All I see if reductions?

[Anonymous]

Things have gotten ridiculously pricey in Arlington where we’re searching. We’re looking for a small condo for our just out of college kid up to 450K. We want a two bed so they can rent one room out if they want. It’s not looking too good so far

[Anonymous]

Anonymous wrote:I don't think so, unless you have a very desirable house. A lot of the military families will be priced out and living on post or in post-allotted housing or rent from other military families that own houses, which is going to slow sales.[/quote]

What specific area of the DMV does any of this relate? Up here in CC MD we have literally zero military families.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yes, tons of listing today and priced much higher at the beach anyway!

Which beach? All I see if reductions?

Bethany Beach DE 19930

[Anonymous]

Anonymous wrote:Things have gotten ridiculously pricey in Arlington where we’re searching. We’re looking for a small condo for our just out of college kid up to 450K. We want a two bed so they can rent one room out if they want. It’s not looking too good so far

Out of curiosity with how sluggish condo sales/values have been, what makes you want to buy your kid a condo instead of pay their rent or investing that money in an index fund for their benefit?

I ask because in most Arlington condo buildings right now the monthly PITI for buying is quite a bit more expensive than renting an identical unit in the building, sometimes more than $1,000 difference…plus exposure to rising HOA fees and special assessments…plus the fact that condo values are largely flat lately…plus rents are fairly stable lately…

Are you assuming significant appreciation?

[Anonymous]

Anonymous wrote:
Things have gotten ridiculously pricey in Arlington where we’re searching. We’re looking for a small condo for our just out of college kid up to 450K. We want a two bed so they can rent one room out if they want. It’s not looking too good so far


Out of curiosity with how sluggish condo sales/values have been, what makes you want to buy your kid a condo instead of pay their rent or investing that money in an index fund for their benefit?

I ask because in most Arlington condo buildings right now the monthly PITI for buying is quite a bit more expensive than renting an identical unit in the building, sometimes more than $1,000 difference…plus exposure to rising HOA fees and special assessments…plus the fact that condo values are largely flat lately…plus rents are fairly stable lately…

Are you assuming significant appreciation?

My question is: how do you know your kid who is just out of college will stay in the same job in this area for enough time to make buying a condo worth it?

[Anonymous]

Spring market is one of those things guaranteed in life like death and taxes.

[Anonymous]

Super slow compared to 2024 when we were in the market. Homes are just sitting with many price drops.