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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]I am normally very impressed with MoCo real estate. Last summer 4 houses close to mine(one next to mine) sold the same day or while they were &quot;coming soon,&quot; and for more money. Outside of beltway. This summer, not so much. One house has been sitting on the market since May, and now they lowered the price by almost 50K, the other one is sitting and I get why, they overpriced ti by at least 45K. The other houses in nearby subdivisions, are also taking longer to sell. There is a huge house with 3 acres that is selling for 740K, except it is not selling at all. So, maybe haters of MoCo from NoVa are right, at least for this year.[/quote]

This X100. Plus the GCAR data in May showed sales were down. So yeah after the low spring sales, price drops and delistings, July will look like it had higher sales than LAST July and that inventory dropped. The inventory drop is just people delisting that didn't sell. I hate how realtors present and cherry pick data to pump up a market. So gross and sleazy.

The house down the street from us sold for 1.2 M. The sellers had been trying to sell it since 2017. They bought it in 2003 for 1.4 M and sunk $$$ updating it. This is happening to all the large houses over 1M whether they are updated or not. However, a 1.2M house will raise the median sales price without revealing that it was a major loss in property value for the seller.

The only houses that I see moving quickly are ones in the low 800s-700s in good school districts or ones in mediocre school districts 600 or under. [/quote]

Just out of curiosity, but where in MoCo do you find &lt;600 houses that aren't in horrible conditions?  Silver Spring?  It certainly isn't on the 270 corridor unless you're going up past urbana?[/quote]

DP. Parts of Rockville, for example - you can find a small house in West End Park for 600K and less. Here's one: https://www.redfin.com/MD/Rockville/537-Brent-Rd-20850/home/10514409[/quote]

Gaithersburg zoned for QO (perfectly good school, though DCUM likes to bash it bc it isn’t a “W” school) has plenty of nice neighborhoods with homes at or around $600k. The ones in good condition are under contract in days.  Here’s an example https://www.redfin.com/MD/North-Potomac/12016-Apple-Knoll-Ct-20878/home/10608946
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