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Reply to "The Grinch Who Stole the Spring Market!"
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[quote=Anonymous][quote=Anonymous]OP here. I feel the same way. Sellers are asking insane prices for some neighborhoods that just don't support their asking price. This is evidenced by housing sitting on the market longer than usual. A house in the DC market should have an offer within the first week if priced right.[/quote] +1 I am absolutely SHOCKED at the asking prices in my neighborhood. I didn't buy that long age, 2009, and a house like mine is being priced about $500k over what I paid just 5 years ago. The new homes are close to $2million. They are not worth it and I think the market will speak. Actually, I might be able to get that for my house--because the 1.5 and below market is still very strong. I just worry what happens when that stock of pricier homes sits and sits and sits...how is this going to impact the rung below it?[/quote]
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