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Real Estate
Reply to "Market is changing in favor of buyers in N. Virginia"
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[quote=Anonymous][quote=Anonymous]This is the typical pattern every year. Early spring brings out all of the buyers, including those who are the most manic. As the buyer pool diminishes as the year progresses, the market stabilizes or even begins to tilt in favor of buyers. [/quote] Interesting! This the first year in a long time I have followed closely since we are looking to buy and sell and your description nails it. March and April were manic. My head was spinning at how fast homes with the right updates flew off the market. Now it's definitely slowing a bit and the type of home that went fast, may still go relatively quickly, but people are buying at asking price or lower (in the cases of homes where the selling price was set too high because they saw in March a house went for that much after a bidding war).[/quote]
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