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Reply to "Are sellers cutting prices in your area?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] Dramatic change from last year. Houses in our neighborhood were selling in three days with bids due by Monday night. This year the houses are sitting. We are just outside the beltway in Virginia. [/quote] same in desirable MoCo locations 3 examples in North Potomac that have sat for a month or more and have dropped prices a few times https://www.redfin.com/MD/North-Potomac/11531-Paramus-Dr-20878/home/10621967 https://www.redfin.com/MD/North-Potomac/11449-Frances-Green-Dr-20878/home/10619787 https://www.redfin.com/MD/Gaithersburg/14009-Kip-Ter-20878/home/184666852 [/quote] The first 2 homes are casualties of the uncertainty over the MCPS school boundary rezoning, and possibly over Fed RIFs. The would have sold very quickly in last year’s market. The third property is ludicrously priced. There are many vastly better options in that price range. [/quote]
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