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Real Estate
Reply to "What is truly going on with the DC area real estate market, please explain? "
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[quote=Anonymous]In my older neighborhood in Ashburn we have original owners whose kids flew the nest years ago, and we have families with very young children. And everyone in between. What I’m seeing in my neighborhood is that people aren’t selling when the kids go to college, and people aren’t selling when they retire. I don’t know anyone in my community (and I’ve been here 20 years and know a ton of people) who are planning on selling in the next ten or more years. There are only two houses on my street that have turned over since the pandemic started. One was a divorce and it sold before it actually hit the market (by a Coming Soon sign) at high dollar. The other went $35k over asking in two days. Those people left because they needed a bigger house due to parent moving in. Aside from dire circumstances no one wants to leave. I’m sure it’s like this all over the region.[/quote]
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