Is market hot again?

[Anonymous]

I am seeing a lot of price increases, and not by a little, by average of 100k. This is Potomac/Rockville area. I am surprised, I thought the market was really slowing down. I know this is early spring market but is this normal?

[Anonymous]

Seems normal for the on-ramp to peak season to me.

[Anonymous]

Spring market plus K-shaped economy. Rich people are fine.

[Anonymous]

Not in my corner of Potomac/Rockville (under 1.5M). Homes are sitting and either selling for list price or undergoing price drops.

[Anonymous]

no.

[Anonymous]

Anonymous wrote:Not in my corner of Potomac/Rockville (under 1.5M). Homes are sitting and either selling for list price or undergoing price drops.

What corner are you in? Here is what I have been seeing:

https://www.redfin.com/MD/Potomac/9208-Orchard-Brook-Dr-20854/home/10509213 (seems like they got contract for 120k over asking)

https://www.redfin.com/MD/Rockville/14018-Loblolly-Ter-20850/home/10550241 (seems like got contrac for 110k over asking).

[Anonymous]

Sees to heating up again in Alexandria, but still nothing like 2021-2023.

[Anonymous]

Mortgage rates ticked back under 6%, which might be a psychological trigger going into the spring market, but it's still a soft market out there.

[Anonymous]

Anonymous wrote:Sees to heating up again in Alexandria, but still nothing like 2021-2023.

Nope, just read this this morning.

Home Prices

The median sales price opened the year down 2.3% compared to January 2025. This is the first time prices have opened the year negative since January 2016. While it’s something to monitor, one month of data — especially in January — does not translate to home values suddenly dropping 2.3%.

At the county level, median prices were down 23.8% in Alexandria City and down 3.6% in Fairfax County. On the opposite end of the spectrum, Arlington County was up 15.3%, and Prince William County was up 5.7%.

[Anonymous]

Mortgage rates are under 6 percent!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sees to heating up again in Alexandria, but still nothing like 2021-2023.

Nope, just read this this morning.

Home Prices

The median sales price opened the year down 2.3% compared to January 2025. This is the first time prices have opened the year negative since January 2016. While it’s something to monitor, one month of data — especially in January — does not translate to home values suddenly dropping 2.3%.

At the county level, median prices were down 23.8% in Alexandria City and down 3.6% in Fairfax County. On the opposite end of the spectrum, Arlington County was up 15.3%, and Prince William County was up 5.7%.

There must be either little volume or lots of condo sales in a month can radically swing prices. I can't believe that Alexandria City is seeing your normal SFH drop 23.8% (nor that Arlington County has the normal SFH increasing 15.3%).

This is why looking at most DC zip code sales month-to-month doesn't tell you much...lots of condos can dramatically swing things.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sees to heating up again in Alexandria, but still nothing like 2021-2023.

Nope, just read this this morning.

Home Prices

The median sales price opened the year down 2.3% compared to January 2025. This is the first time prices have opened the year negative since January 2016. While it’s something to monitor, one month of data — especially in January — does not translate to home values suddenly dropping 2.3%.

At the county level, median prices were down 23.8% in Alexandria City and down 3.6% in Fairfax County. On the opposite end of the spectrum, Arlington County was up 15.3%, and Prince William County was up 5.7%.

Are these for SFHs? Because this really doesn’t sound right. We just had a house for $1.4 million (a time capsule from 1970) sell for $1.4 million. Most houses in my neighborhood (which is admittedly one of the competitive ones in Alexandria) have been selling within 2 weeks. This is contrast to many houses sitting for months in the prior 6-12 months.

[Anonymous]

The listings you posted are pending, so meaningless until they are actually sold.

[Anonymous]

Anonymous wrote:Mortgage rates ticked back under 6%, which might be a psychological trigger going into the spring market, but it's still a soft market out there.

I hope buyers still stay on the sidelines until these ridiculous sellers and their greed back back on earth.

I think buyers are finally waking up and realizing that these prices are just stupid.

[Anonymous]

What do you mean you are seeing "price increases"? You mean listings that are 100k over comparables from ... when? What do you mean?