Are sellers cutting prices in your area?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm in a Raleigh suburb, so an outside the DC Metro Area data point for you:
Nothing is moving.

No one wants to live in Raleigh. It's all in a massive flood zone.

What are you even talking about. No it's not.

[Anonymous]

Anonymous wrote:Yes, in Bethesda & Chevy Chase too! It's definitely a buyer's market. 3 homes sold on my street and the adjacent one in the last year, and all had to lower their price and still went under the final asking price. Seems like lots of room for bargaining, especially if sellers are desperate to sell quickly.

How much are prices dropping there? Are we talking a home worth $1.2M in 2019 is listed for $2.5M and they sold for $2.4M?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm in a Raleigh suburb, so an outside the DC Metro Area data point for you:
Nothing is moving.

No one wants to live in Raleigh. It's all in a massive flood zone.

What are you even talking about. No it's not.

+1 It's inland.

[Anonymous]

Anonymous wrote:

I talked to a realtor friend about this recently. Her comment was that overpriced houses will sit and/or drop their prices, but those that are priced accordingly are under contract within days and often over the list price.

this is in Rockville.

Does "accordingly" mean that the price is lower than it would have been for a similar house in last year's market? And if so, how much less?

Different Poster here, but with my house I just sold this past month, yes.

I lived in a small neighborhood in G-burg. My model of house went for 750K in 2023, 765K in 2024. We decided to list for 750K and got full price offer within 4 days.

DH wanted to list at 765K but I said no as I wanted it to sell fast, 15K is pennies to our gains having lived there 25+ years, and people will tend to set price limits in 50K increments.

[Anonymous]

Houses in the nicer parts of Richmond are still going quickly, some over asking. But a higher percentage are sitting for a few weeks and sellers can no longer name an arbitrarily high price and expect to get it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm in a Raleigh suburb, so an outside the DC Metro Area data point for you:
Nothing is moving.

No one wants to live in Raleigh. It's all in a massive flood zone.

What are you even talking about. No it's not.

+1 It's inland.

I've lived in Raleigh and certain places are flood zones and others are not. Streams and rivers can flood inland. Anyone who has lived there for a few years can tell you which areas flood.

In my "affordable" under 700k portion of MoCo, sfhs are still selling, but very few are coming on the market. One near us just went under contract in days. Near Glenmont.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm in a Raleigh suburb, so an outside the DC Metro Area data point for you:
Nothing is moving.

No one wants to live in Raleigh. It's all in a massive flood zone.

What are you even talking about. No it's not.

+1 It's inland.

I've lived in Raleigh and certain places are flood zones and others are not. Streams and rivers can flood inland. Anyone who has lived there for a few years can tell you which areas flood.

In my "affordable" under 700k portion of MoCo, sfhs are still selling, but very few are coming on the market. One near us just went under contract in days. Near Glenmont.

If you are evaluating areas likely to experience flooding given the reality of climate change, Washington, DC ranks much higher than Raleigh, NC.

[Anonymous]

There is still crazy money

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm in a Raleigh suburb, so an outside the DC Metro Area data point for you:
Nothing is moving.

No one wants to live in Raleigh. It's all in a massive flood zone.

What are you even talking about. No it's not.

+1 It's inland.

I've lived in Raleigh and certain places are flood zones and others are not. Streams and rivers can flood inland. Anyone who has lived there for a few years can tell you which areas flood.

In my "affordable" under 700k portion of MoCo, sfhs are still selling, but very few are coming on the market. One near us just went under contract in days. Near Glenmont.

If you are evaluating areas likely to experience flooding given the reality of climate change, Washington, DC ranks much higher than Raleigh, NC.

That was not my point. My point is sfhs in the DC metro area under 700k areas are selling, at least in my experience.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm in a Raleigh suburb, so an outside the DC Metro Area data point for you:
Nothing is moving.

No one wants to live in Raleigh. It's all in a massive flood zone.

What are you even talking about. No it's not.

+1 It's inland.

I think it's safe to say with the Texas and Asheville floods, it's irrelevant if you are inland or coastal. It depends on the topography of the area and rivers running through it.

I don't know anything about Raleigh, but if you had asked me 18 months ago if Asheville was in danger of massive flooding damage I would have been skeptical.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm in a Raleigh suburb, so an outside the DC Metro Area data point for you:
Nothing is moving.

No one wants to live in Raleigh. It's all in a massive flood zone.

What are you even talking about. No it's not.

+1 It's inland.

You know flood zones are by rivers too, right?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm in a Raleigh suburb, so an outside the DC Metro Area data point for you:
Nothing is moving.

No one wants to live in Raleigh. It's all in a massive flood zone.

What are you even talking about. No it's not.

+1 It's inland.

I've lived in Raleigh and certain places are flood zones and others are not. Streams and rivers can flood inland. Anyone who has lived there for a few years can tell you which areas flood.

In my "affordable" under 700k portion of MoCo, sfhs are still selling, but very few are coming on the market. One near us just went under contract in days. Near Glenmont.

If you are evaluating areas likely to experience flooding given the reality of climate change, Washington, DC ranks much higher than Raleigh, NC.

Old Town Alexandria certainly floods!

[Anonymous]

People who base their opinions regarding real estate on asking price and reductions must be the same people who base their opinions on tax policy on the size of their refunds.

[Anonymous]

Anonymous wrote:Are sellers cutting prices in your area?

Nope. We are getting cash offers.

[Anonymous]

There just haven't been very many houses for sale in our area this year. The ones that have sold quickly have sold for list price and not over list price with the exception of a couple in prime locations that were newly renovated. The ones that have sat for a while were overpriced by like $300K and not renovated and finally sold after a month or two for $150K under list.