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Reply to "Listing Price Drops of $10k on $1M Homes"
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[quote=Anonymous]Dropping price 2% at a time, that will get them running to the door... http://www.redfin.com/VA/Falls-Church/913-Lincoln-Ave-22046/home/12033602?utm_campaign=instant_listings_update&utm_medium=email&utm_source=myredfin Also, in No Arlington and FCC, prices have never really 'deflated' from the 2000s housing bom. Some places do seem to have dropped back, but to what reference year? This house sold for $850k in 2004, yet is listing for 200k more than that; is that in trend with other sales? There is such low inventory, and at this price point even fewer sales its hard to build comps.[/quote]
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