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Reply to "Have prices the last month jumped the shark?"
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[quote=Anonymous][quote=Anonymous]It seems like there were only specific areas that people with a budget of 750k+ were willing to bid and buy houses for that much. That area has since expanded to pretty much all parts of Fairfax County and even Loudon County. If the buyers in the higher range are priced out of their desired neighborhoods (supply and demand there too), they will have to broaden their search area to get a house. Now many people are so pressed to get a house but if you happily sold your house for 15% over asking a month ago, your time is running up to buy a house so it creates a greater demand. [/quote] DP looking in the same area. This makes sense. I’m going to sit this wave out and hope I don’t regret it later.[/quote]
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