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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 can say in my Fairfax zip code I am somewhat blown away at the market situation. Redfin has the area at a 95 rating on the competitiveness score. We just had a new neighbor move in and she introduced herself by explaining to us how hard it was for her to buy and she was practically in tears at how happy she was that they'd finally gotten a house. I don't think I've ever seen it hotter around me.[/quote]

I expect this will be us shortly, about to start bidding in that area :([/quote]

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