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Reply to "Prices dropping in MoCo???"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I live in an expensive neighborhood with very low inventory. This has not changed, but what has changed is that the few houses that went on sale later in the spring, after tariffs and layoffs, are not selling like hotcakes like they did in late winter - they're sitting for longer. And sitting for longer is the precursor to price drops.[/quote] Same in N Arlington where we’re seeing a lot of price drops on sub $1.5M houses. I’m curious what happens to all the new builds above $2M currently sitting. [/quote] PP here - adding we bought at the peak (January 2025) so I’m the last person who wants to be doom and gloom about this since I’ll get burned more than most but alas it’s what we’re seeing[/quote]
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