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[quote=Anonymous][quote=Anonymous][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]

I think as a lot of employers have settled into hybrid arrangements, combined with crime challenges in DC, more families are choosing the suburbs.

With the population trends, I think younger renters in their 20s and 30s are increasingly choosing to live in DC proper (there are tons of new apartment buildings that have gone up in DC over the past handful of years and they are filling up).

…and homebuyers are increasingly choosing the suburbs.[/quote]

Yup, only going into DC 1 or 2 days a week makes it pretty easy to move out to the exburbs if that's your thing.  Country living and only commuting 2 days a week?  Easy peasy[/quote]

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