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Reply to "Are sellers cutting prices in your area?"
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[quote=Anonymous]I’m near the Arlington / FCC border and have been surprised by a few price drops (22205 and 22046), which is historically not the norm. Interestingly the very expensive new builds seem to be chugging along (at least construction-wise, not sure if any will sit). But the homes in the ~ $1-1.3M range are dropping prices, which is the range that usually goes over asking. I think the people buying in this bracket are on a tighter budget and were stretching or willing to concede on space/floorplan/curb appeal etc. to be close-in. But now with so much insecurity in the fed gov buyers who are heavily reliant on a regular UMC paycheck (vs family money, investment accounts, big law savings, etc.) are too squeezed and uncertain to buy these homes.[/quote]
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