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Real Estate
Reply to "How is the summer market?"
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[quote=Anonymous]In Bethesda, the market I watch most closely, houses seem to be sitting just a little longer but they are still selling at or near asking price, and sometimes a little over. So i think the market is still warm but not hot. This is especially true in the $2.5 million plus segment. Houses in that range that might have gone under contract around the time if the first open house this spring are instead having multiple open houses before going under contract. And there are a few houses in the Kenwood Park area that have been sitting for a very long time because the sellers are trying to get $3 million plus for them, when in fact they will probably land in the high $2 millions by the time they finally sell. An example of greedy sellers trying to set a new benchmark, even at a time when interest rates are climbing, and predictably failing in the effort.[/quote]
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