Is market hot again?

[Anonymous]

Anonymous wrote: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?

lol No. They're pricing low to get more interest and bidding wars this is all strategy and an illusion.

[Anonymous]

Anonymous wrote:

Anonymous wrote: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?

lol No. They're pricing low to get more interest and bidding wars this is all strategy and an illusion.

No, I don't think that is it. I know this market very well because I live here and have been moderately looking around for years now. Both those houses were listed at reasonable prices. 1.32 million for a smaller-sized house in the copenhaver neighborhood is very high (while acknowledging yes the location with the school is great).

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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?

lol No. They're pricing low to get more interest and bidding wars this is all strategy and an illusion.

No, I don't think that is it. I know this market very well because I live here and have been moderately looking around for years now. Both those houses were listed at reasonable prices. 1.32 million for a smaller-sized house in the copenhaver neighborhood is very high (while acknowledging yes the location with the school is great).

Same. The best approach is always to slightly underprice. The difference is in my NoVA neighborhood, 3-6 months ago SFH were selling at ask or under, and some would have to lower their ask after several weeks before finding a buyer. Now in February, SFHs are getting snapped up in the first week for over ask. It’s definitely not 2021 style frenzy, but it’s a noticeable difference compared to fall of 2025. Supply of SFH inside the beltway is still quite low.

[Anonymous]

Anonymous wrote:Mortgage rates are under 6 percent!

People with sub 3% mortgages are not going to be moving with rates that high.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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?

lol No. They're pricing low to get more interest and bidding wars this is all strategy and an illusion.

No, I don't think that is it. I know this market very well because I live here and have been moderately looking around for years now. Both those houses were listed at reasonable prices. 1.32 million for a smaller-sized house in the copenhaver neighborhood is very high (while acknowledging yes the location with the school is great).

The Willows of Potomac house was mispriced and the Fox Hills West House sold for more because it backs to the school field instead of other houses.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Mortgage rates are under 6 percent!

People with sub 3% mortgages are not going to be moving with rates that high.

In January, the %age of people with 6%+ mortgages is now the majority.

Because of this, they believe overall market will continue to move with less friction because the 3% crowd is less and less and you have more buyers and sellers moving to a similar interest rates.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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?

lol No. They're pricing low to get more interest and bidding wars this is all strategy and an illusion.

No, I don't think that is it. I know this market very well because I live here and have been moderately looking around for years now. Both those houses were listed at reasonable prices. 1.32 million for a smaller-sized house in the copenhaver neighborhood is very high (while acknowledging yes the location with the school is great).

Those are very normal prices for Copenhaver and Willows of Potomac. It’s not a sign of some grand renaissance. I live around the area too. Though Wootton is most likely closing and moving to Crown.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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?

lol No. They're pricing low to get more interest and bidding wars this is all strategy and an illusion.

No, I don't think that is it. I know this market very well because I live here and have been moderately looking around for years now. Both those houses were listed at reasonable prices. 1.32 million for a smaller-sized house in the copenhaver neighborhood is very high (while acknowledging yes the location with the school is great).

The Willows of Potomac house was mispriced and the Fox Hills West House sold for more because it backs to the school field instead of other houses.

Backing to a school field is not a good thing because of the noise. Much better to back to other houses.