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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, there are many parents that say they will move when the time comes but until that house is on the market, it's all talk. I would watch the Spring/Summer market closely. Many families are still under water or close, and if a flood of houses in Petworth enters the market this Spring or next, it will do nothing but drive the prices down.

Check out the MCPS board, there's a lot to say about buyer's remorse in MoCo.[/quote]

you would be hard pressed to find ANYONE underwater on their petworth house.  Everything around us in S. Pet near metro is selling for 750k or higher in ten days tops.  There is not goign to be a "flood" of houses in gentrifying neigbhorhoods near metro. Buy if you can and when you can but if you think it will be better in the spring you are wrong. You might have a a few extra row houses for over 800k but thats it.[/quote]

If a flood of houses enters the market in this Spring or next, due to people leaving for MoCo or VA, yes it will drive the prices down. That's simple supply and demand. [/quote]

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