Anonymous wrote:Anonymous wrote:Anonymous wrote:I live in an expensive neighborhood with very low inventory. This has not changed, but what has changed is that the few houses that went on sale later in the spring, after tariffs and layoffs, are not selling like hotcakes like they did in late winter - they're sitting for longer. And sitting for longer is the precursor to price drops.
Same in N Arlington where we’re seeing a lot of price drops on sub $1.5M houses. I’m curious what happens to all the new builds above $2M currently sitting.
PP here - adding we bought at the peak (January 2025) so I’m the last person who wants to be doom and gloom about this since I’ll get burned more than most but alas it’s what we’re seeing
Anonymous wrote:Anonymous wrote:I live in an expensive neighborhood with very low inventory. This has not changed, but what has changed is that the few houses that went on sale later in the spring, after tariffs and layoffs, are not selling like hotcakes like they did in late winter - they're sitting for longer. And sitting for longer is the precursor to price drops.
Same in N Arlington where we’re seeing a lot of price drops on sub $1.5M houses. I’m curious what happens to all the new builds above $2M currently sitting.
Anonymous wrote:I live in an expensive neighborhood with very low inventory. This has not changed, but what has changed is that the few houses that went on sale later in the spring, after tariffs and layoffs, are not selling like hotcakes like they did in late winter - they're sitting for longer. And sitting for longer is the precursor to price drops.
Anonymous wrote:It's always astonishing, and a little disheartening, when someone looks at *one* price drop and extrapolates a county-wide decline from that. One property is evidence of precisely nothing.