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Real Estate
Reply to "Declining Home Sales in Montgomery County "
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[quote=Anonymous][quote=Anonymous]Anecdotal but, here's my take. I think there are a lot of people in affluent areas in MD (particularly Chevy Chase and Potomac, as you mention) who wouldn't need to sell until the market improves. Because the schools are good and the commutes are good, there are probably many in these high-end neighborhoods who just choose to "stay put" until the market rebounds.[/quote] I agree with this. You also find a lot more transient people in VA and more long-time Washingtonians (or Marylanders) that live in CC, Bethesda and Potomac and these types of people are less likely to move as often. I'm not sure if condo sales are included in these numbers- but there was a boom in new condos and townhomes in the early 2000s, especially in Bethesda, and there aren't many new units being built now. [/quote]
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