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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]And if you think these are isolated cases....this is a snapshot of Arlington county right now...those [b]green[/b] arrows represent price decreases...

<a href="https://ibb.co/V3r1qqX"><img src="https://i.ibb.co/9GzDrrR/Screen-Shot-2021-06-23-at-6-17-15-PM.png"  ></a>[/quote]

If you look at the data, price reduction is happening for highly priced homes +1million. For homes within 500K or less, you will not see price reduction as many buyers fall in that range. Higher the range, lesser the buyers.[/quote]
You guys are hilarious. First you say that a Million doesn’t buy you anything these days...and then I show you ACTUAL data...and you wanna dismiss that using a fallacious argument?

Wow...[/quote]
Welcome to DCUM 2021. It's a lot of trolls.

On the topic at hand, the MRIS data is interesting because it is a more up to date picture than the Redfin market trends. What it shows is that Arlington had a HUGE price runup in from Jan. to July 2020. and is looking to surpass the prior season peak. So it would be easy to have an impression looking at that parabolic curve to come to a different conclusion.
https://www.redfin.com/city/21282/VA/Arlington/housing-market

Washington, DC is looking very close to Arlington, except the high end neighborhoods look sluggish.
https://www.redfin.com/city/12839/DC/Washington-DC/housing-market
https://www.redfin.com/neighborhood/1029/DC/Washington-DC/Foxhall-Palisades-Spring-Valley-Wesley-Heights/housing-market

Fairfax County on the other hand just kept going, although the curve is now flattening.
https://www.redfin.com/county/2965/VA/Fairfax-County/housing-market

Montgomery County, by contrast, saw no price growth in 2020 and only now seems to be catching up a little bit. But it is still far behind neighbors.
https://www.redfin.com/county/1324/MD/Montgomery-County/housing-market[/quote]

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