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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Upper NW DC and CC MD market seems to be moving quickly for anything under $2MM (up to $2.5MM for CC MD).

The $5MM listings are sitting.  I saw one sold in like 2020 for $3.5MM and now they are trying to sell for $5MM.  Maybe they did tons of renovations, but hard to know.

Just seems like a strange time to list that house at that price.[/quote]

Agree that under $2M is moving in CCMD.  The $3M+ are not moving but these were all $2M+ houses precovid. People are starting too high based on the current conditions. [/quote]

There will always be buyers.  However I see many listing with high prices rising the momentum. I think prices will come down and people will continue to buy.  Inventory still low (mostly due to sub 3% mortgage notes) and people are still looking (albeit with a tentative mindset) but will pull trigger for good value opportunities [/quote]

My big block of a lot of homes last sale was 2018. The next block we had two listing this year, both over ask and sold first week. I noticed  in close in good blocks. People live a long time on the blocks. Interest rates or home prices up or done on my block have zero bearing on sales. They are put up for sale when owner dies.

Kinds like a Rent Controlled Apt in NYC.   [/quote]

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