The Grinch Who Stole the Spring Market!

[Anonymous]

I have noticed fewer and fewer homes coming on the market in DC and more reposting of previous listings. Did the Grinch steal the Spring Market too? I guess no one can afford to sell because they can't afford to buy, not in DC anyway.

[Anonymous]

At least in DC proper, I'd say that selling/buying is a bit spooked at the moment by the school boundary nonsense.

It's hard to feel confident in putting your place up to move to another more expensive place when you don't know with any certainty what the outcome of the review is going to be. I'm personally disinclined to buy at the moment even though we sold our house. I think we will rent for a while until everything settles down.

[Anonymous]

I'm out near Reston and have noticed this too. We have several friends who are looking and are amazed at how much more people want this year vs. last year.

I paid $675 last year, as did 2 others on my street. Same model is for sale right now (with a lot fewer updates) for $725. Its been languishing for weeks, when all 3 house last year sold the first weekend listed. Sellers are getting greedy.

[Anonymous]

Anonymous wrote:I'm out near Reston and have noticed this too. We have several friends who are looking and are amazed at how much more people want this year vs. last year.

I paid $675 last year, as did 2 others on my street. Same model is for sale right now (with a lot fewer updates) for $725. Its been languishing for weeks, when all 3 house last year sold the first weekend listed. Sellers are getting greedy.

Getting???

[Anonymous]

OP here. I feel the same way. Sellers are asking insane prices for some neighborhoods that just don't support their asking price. This is evidenced by housing sitting on the market longer than usual. A house in the DC market should have an offer within the first week if priced right.

[Anonymous]

Anonymous wrote:OP here. I feel the same way. Sellers are asking insane prices for some neighborhoods that just don't support their asking price. This is evidenced by housing sitting on the market longer than usual. A house in the DC market should have an offer within the first week if priced right.

Supply and demand, step up to the plate and stop bitching.

[Anonymous]

I think a lot of things are selling before they ever go on the market.

[Anonymous]

Anonymous wrote:I think a lot of things are selling before they ever go on the market.

Yep I know someone who both sold and bought by word of mouth.

[Anonymous]

NP. Frustrating that so little inventory is out there! We're looking at 600k in rockville or silver spring.

[Anonymous]

Anonymous wrote:NP. Frustrating that so little inventory is out there! We're looking at 600k in rockville or silver spring.

this was us last year. what a ride!

[Anonymous]

Why would you sell to someone without exposing your home to the largest possible audience? Talk about selling yourself short.

[Anonymous]

Anonymous wrote:OP here. I feel the same way. Sellers are asking insane prices for some neighborhoods that just don't support their asking price. This is evidenced by housing sitting on the market longer than usual. A house in the DC market should have an offer within the first week if priced right.

+1

I am absolutely SHOCKED at the asking prices in my neighborhood. I didn't buy that long age, 2009, and a house like mine is being priced about $500k over what I paid just 5 years ago. The new homes are close to $2million. They are not worth it and I think the market will speak. Actually, I might be able to get that for my house--because the 1.5 and below market is still very strong.

I just worry what happens when that stock of pricier homes sits and sits and sits...how is this going to impact the rung below it?

[Anonymous]

Prices are up in Vienna, that's for sure.

[Anonymous]

Anonymous wrote:Prices are up in Vienna, that's for sure.

Works out good for me! Listing ours there in about 10 days...I agree though, I can't believe some of the comps we are seeing...

[Anonymous]

our assessment went up $30K this year in CCDC (on a home for less than 800K, so that's a lot) after going down for several years.