Remember all the dorks spamming last year real estate was going to crash?

[Anonymous]

Prices in my area of MoCo seem to be moving up pretty rapidly. My guess is that locations closer in had a lot of price increases and that pushed more buyers out further. I’m close to a red line stop outside the beltway.

[Anonymous]

I know a seller in a good but not great MoCo suburb that is getting slammed with viewings and multiple offers that are higher than expected.

[Anonymous]

Anonymous wrote:I know a seller in a good but not great MoCo suburb that is getting slammed with viewings and multiple offers that are higher than expected.

They were also pressured to list higher than they were comfortable with- they wanted a quick sale and were worried nobody would be interested.

[Anonymous]

Not here but elsewhere - looking interesting. And not crashing but above 2019 inventory is certainly normalizing.

[Anonymous]

Anonymous wrote:Not here but elsewhere - looking interesting. And not crashing but above 2019 inventory is certainly normalizing.

Graphic for above info

[Anonymous]

Anonymous wrote:I know a seller in a good but not great MoCo suburb that is getting slammed with viewings and multiple offers that are higher than expected.

One of the safest areas to buy is here in the DC area. Federal government jobs are recession-proof.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I know a seller in a good but not great MoCo suburb that is getting slammed with viewings and multiple offers that are higher than expected.

One of the safest areas to buy is here in the DC area. Federal government jobs are recession-proof.

But are they Trump & Steve Bannon-proof?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I know a seller in a good but not great MoCo suburb that is getting slammed with viewings and multiple offers that are higher than expected.

One of the safest areas to buy is here in the DC area. Federal government jobs are recession-proof.

safe as price but safe as in any other meaning! LOL. blue tape all over cops and not allowing them to keep us safe. ty mayor

[Anonymous]

Anonymous wrote:Not here but elsewhere - looking interesting. And not crashing but above 2019 inventory is certainly normalizing.

Translate it. What is it actually saying? I'm looking at the percentages but not clear what it means. Inventory changes on a year to year basis or relative to five years ago?

I'm in the Baltimore area and looking vaguely at moving to a bigger house but in my target areas prices are just going up and inventory is still limited. Everything sells in days, maybe a week, unless there's something very wrong with the property.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Not here but elsewhere - looking interesting. And not crashing but above 2019 inventory is certainly normalizing.

Translate it. What is it actually saying? I'm looking at the percentages but not clear what it means. Inventory changes on a year to year basis or relative to five years ago?

I'm in the Baltimore area and looking vaguely at moving to a bigger house but in my target areas prices are just going up and inventory is still limited. Everything sells in days, maybe a week, unless there's something very wrong with the property.

Yup Baltimore is way down on that list and has only half of the inventory it had five years ago. Still very tight.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Not here but elsewhere - looking interesting. And not crashing but above 2019 inventory is certainly normalizing.

Translate it. What is it actually saying? I'm looking at the percentages but not clear what it means. Inventory changes on a year to year basis or relative to five years ago?

I'm in the Baltimore area and looking vaguely at moving to a bigger house but in my target areas prices are just going up and inventory is still limited. Everything sells in days, maybe a week, unless there's something very wrong with the property.

+1
I don't understand what these numbers and percents means either.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Not here but elsewhere - looking interesting. And not crashing but above 2019 inventory is certainly normalizing.

Translate it. What is it actually saying? I'm looking at the percentages but not clear what it means. Inventory changes on a year to year basis or relative to five years ago?

I'm in the Baltimore area and looking vaguely at moving to a bigger house but in my target areas prices are just going up and inventory is still limited. Everything sells in days, maybe a week, unless there's something very wrong with the property.

+1
I don't understand what these numbers and percents means either.

The percentages show how much the inventory for sale in a given market has changed over a period of time.

The far right column "1Yr" shows the increase/decrease in inventory for-sale in a market. So for San Antonio, the inventory for-sale has increased 36.8% compared to 1 year ago. Compared to 3 years ago, inventory for-sale is up 223%.

Importantly, compared to 5 years ago - i.e., March 2019 and thus prior to COVID - inventory is up in the San Antonio area by 17.3%.

A few take away from the graphic:

-Vast majority of areas of U.S. have less inventory available for-sale today than prior to COVID. Makes sense though - more potential buyers in the market today with entrance of younger Millennials and older Gen Z and housing production still hasn't kept up with population growth.

-The national median house price peaked in January 2023 (source). The areas with the biggest price declines since that date are the metro areas at the top of the graphic. Again, this makes sense - supply is getting back to pre-COVID norms. The areas with the biggest price increases since January 2023 are the areas listed at the bottom of that graphic - places in CT, RI, southern VA, Boston, even the Baltimore metro. Again, this should make intuitive sense - supply is very constrained in those areas compared with pre-COVID times. Therefore, prices are still rising.