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Reply to "Spring market on pause?"
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[quote=Anonymous][quote=Anonymous]People are overpricing and properties are sitting on the market. I would check the pricing history, and it would show people trying to list their property at double the price they bought just a year or two ago. It's greed and I am happy their properties are sitting and sitting....[/quote] It really depends where. Seems the trend is moving from within DC to the burbs. Where we're looking to buy in NOVA - and I'm not even talking about the rich areas like Arlington/Mclean, I'm talking outside the beltway under $1M SFHs, properties are all going under contract within days of listing and all selling over. Within DC, properties are sitting. It feels like a mass exodus though I know that actual recent population stats show DC population increasing, so might just be perception or people being pickier about where they buy.[/quote]
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