Anonymous wrote:OP here. I’m in Rockville, west of the pike.

People are also buying closer in when possible, given the commutes now that the Feds who haven’t been fired by DOGE are required to return to office. So a house in Rockville (particularly one that is far from public transport) will sit longer…

They are up in east Rockville.

Anonymous wrote:

Anonymous wrote:There are fanatical home owners who think their property values will go up forever. They are just so ridiculous.

So Bethesda, Chevy Chase, McLean - have these neighborhoods ever stagnated?

Bethesda two houses back to 2021-2022 prices.

https://www.redfin.com/MD/Bethesda/7909-Paloma-Ct-20817/home/10701644

https://www.redfin.com/MD/Bethesda/10024-Sinnott-Dr-20817/home/10675706

Anonymous wrote:There are fanatical home owners who think their property values will go up forever. They are just so ridiculous.

So Bethesda, Chevy Chase, McLean - have these neighborhoods ever stagnated?

You obviously didn’t buy and are continuing to sit on the sidelines and are just trying to justify it to yourself. You probably also have money sitting in cash thinking we are on verge of Great Depression 2.0 as the S&P 500 continues to set records.

Who’s ridiculous here?

Anonymous wrote:As always, people wishing to make it true so they can justify not purchasing earlier. Same shit with people sitting on the sidelines with cash as the S&P500 continues to rise. Buy in a good location and do it whenever you are able. Don’t wait for some supposed dip in the market, you’ll always be disappointed and left waiting.

+1 I had to explain to my brother that if they aren't building lots of new SFHs in his city (they aren't) then demand will continue to outpace supply. He got in just before interest rates rose and prices continued to go up

There are fanatical home owners who think their property values will go up forever. They are just so ridiculous.

Not really.

As always, people wishing to make it true so they can justify not purchasing earlier. Same shit with people sitting on the sidelines with cash as the S&P500 continues to rise. Buy in a good location and do it whenever you are able. Don’t wait for some supposed dip in the market, you’ll always be disappointed and left waiting.

OP here. I think my location is decent from Rockville. My guess is people getting fired from NIH, idk. Kinda quick sales but at low prices

Nope - just looked at:

Zillow - $1,250,000
Redfin - $1,117,000 (they always come in the lowest)
Realtor.com - $1,317,000

It's always about location

The post 2020 bubble will come down.

Compare it to 2019 prices, the prices were artificially elevated due to ppp loans and flooding the market with cash.

Townhouse in my moco development just sold for a record price, 5% above the previous sale about six months ago (which itself was a new record). But we're in a highly walkable neighborhood close to metro, and I think that's highly desirable right now.

OP here. I’m in Rockville, west of the pike.

Homes my block sell within 2-3 days above ask. I am in MoCo.

My timeline is selling in 2 years so hoping this gully goes away by then