Real estate 101, especially in the DMV: even in good times, August is a slow month home sales. August is a slow month here for EVERYTHING.

Also, there's a middle ground between a bubble burst and prices not continuing to climb through the roof. It's called stabilization. And, yes, it's happening. If you're holding your breath waiting on a market crash, get ready to suffocate.

Anonymous wrote:I'm looking in FFX Co and there are a lot of properties that are just sitting. Are sellers waiting and hoping they'll get a greedy spring 2021 price?

Blood from a stone. People buying under 700k don't have anything else to offer. Stop being greedy. 100k profit is still outrageous, stop trying to get 125k.

It's not really a profit if they are also paying $100k more for the house they are buying.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm looking in FFX Co and there are a lot of properties that are just sitting. Are sellers waiting and hoping they'll get a greedy spring 2021 price?

Blood from a stone. People buying under 700k don't have anything else to offer. Stop being greedy. 100k profit is still outrageous, stop trying to get 125k.

You not being able to afford to buy a house doesn’t make sellers greedy. You need to buy what you can afford which may mean a townhouse without a garage, look in Prince William County, etc.

But it's not just me not buying (and I can afford it), NO ONE is buying those properties. The price is too high.

Price too high = trying to get more than you should take = greed

Again, buy what you can afford. Don’t worry about homes you can’t afford.

Again, I can afford it. My point is why should I pay that much if no one else is willing to either? It's not rocket science.

The bolded states otherwise. And if you could afford the price, then you wouldn’t still be searching for a house.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm looking in FFX Co and there are a lot of properties that are just sitting. Are sellers waiting and hoping they'll get a greedy spring 2021 price?

Blood from a stone. People buying under 700k don't have anything else to offer. Stop being greedy. 100k profit is still outrageous, stop trying to get 125k.

You not being able to afford to buy a house doesn’t make sellers greedy. You need to buy what you can afford which may mean a townhouse without a garage, look in Prince William County, etc.

But it's not just me not buying (and I can afford it), NO ONE is buying those properties. The price is too high.

Price too high = trying to get more than you should take = greed

Again, buy what you can afford. Don’t worry about homes you can’t afford.

Again, I can afford it. My point is why should I pay that much if no one else is willing to either? It's not rocket science.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm looking in FFX Co and there are a lot of properties that are just sitting. Are sellers waiting and hoping they'll get a greedy spring 2021 price?

Blood from a stone. People buying under 700k don't have anything else to offer. Stop being greedy. 100k profit is still outrageous, stop trying to get 125k.

You not being able to afford to buy a house doesn’t make sellers greedy. You need to buy what you can afford which may mean a townhouse without a garage, look in Prince William County, etc.

But it's not just me not buying (and I can afford it), NO ONE is buying those properties. The price is too high.

Price too high = trying to get more than you should take = greed

Again, buy what you can afford. Don’t worry about homes you can’t afford.

Anonymous wrote:

Anonymous wrote:I'm looking in FFX Co and there are a lot of properties that are just sitting. Are sellers waiting and hoping they'll get a greedy spring 2021 price?

Blood from a stone. People buying under 700k don't have anything else to offer. Stop being greedy. 100k profit is still outrageous, stop trying to get 125k.

You not being able to afford to buy a house doesn’t make sellers greedy. You need to buy what you can afford which may mean a townhouse without a garage, look in Prince William County, etc.

But it's not just me not buying (and I can afford it), NO ONE is buying those properties. The price is too high.

Price too high = trying to get more than you should take = greed

Anonymous wrote:I'm looking in FFX Co and there are a lot of properties that are just sitting. Are sellers waiting and hoping they'll get a greedy spring 2021 price?

Blood from a stone. People buying under 700k don't have anything else to offer. Stop being greedy. 100k profit is still outrageous, stop trying to get 125k.

Why do you care how long it takes someone to sell their house? When I was growing up it regularly took people five to six months to sell just a regular priced house.

Anonymous wrote:I'm looking in FFX Co and there are a lot of properties that are just sitting. Are sellers waiting and hoping they'll get a greedy spring 2021 price?

Blood from a stone. People buying under 700k don't have anything else to offer. Stop being greedy. 100k profit is still outrageous, stop trying to get 125k.

You not being able to afford to buy a house doesn’t make sellers greedy. You need to buy what you can afford which may mean a townhouse without a garage, look in Prince William County, etc.

I'm looking in FFX Co and there are a lot of properties that are just sitting. Are sellers waiting and hoping they'll get a greedy spring 2021 price?

Blood from a stone. People buying under 700k don't have anything else to offer. Stop being greedy. 100k profit is still outrageous, stop trying to get 125k.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Market is super slow right now. My friend listed her house and its been more than week and only 2 showings. Wow...never expected that it will slow to this extent.

Someone else I know listed their home and it sold in under a week over asking

These anecdotes do nothing to give a good insight on the market. There will always be someone struggling to sell and another selling fast.

Obviously. That’s why I shared the counter story.

Anonymous wrote:

Anonymous wrote:Market is super slow right now. My friend listed her house and its been more than week and only 2 showings. Wow...never expected that it will slow to this extent.

Someone else I know listed their home and it sold in under a week over asking

These anecdotes do nothing to give a good insight on the market. There will always be someone struggling to sell and another selling fast.

Anonymous wrote:Market is super slow right now. My friend listed her house and its been more than week and only 2 showings. Wow...never expected that it will slow to this extent.

Someone else I know listed their home and it sold in under a week over asking

Anonymous wrote:Market is super slow right now. My friend listed her house and its been more than week and only 2 showings. Wow...never expected that it will slow to this extent.

If she has only had two showings-- its grossly overpriced. Sure, there is a set of buyers who are looking to move and be settled before school starts, and won't look again until next year- but there are also plenty of buyers who have to move for a variety of reasons at various different times of the year. And plenty of buyers who will move when they find the right house- no matter when that is.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Market is super slow right now. My friend listed her house and its been more than week and only 2 showings. Wow...never expected that it will slow to this extent.

Totally normal for August.

I believe that summer should be busy as people are ready to move before school starts.

The school year is the main reason why the housing season starts in March/April, gets really busy May-July. Most properties take about 30-60 days to close due to various things that normally happen (inspections/pre-inspections, appraissals, mortgage approvals, etc). Then people want some time to move. So most start the wheels in motion much earlier. By August, it's past the wire for many people who want to be moved in and enrolling their children in school in August. This is why August is the traditional month for realtors to take their vacations, the season has largely wound down by then. The off-peak season starts up again in September after the kids start school and the secondary Fall season when people who are not as tied to the school calendar do their shopping. and September-October is the second slower wave for people who want to be done by the holidays.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Market is super slow right now. My friend listed her house and its been more than week and only 2 showings. Wow...never expected that it will slow to this extent.

Totally normal for August.

I believe that summer should be busy as people are ready to move before school starts.

Then you don't know anything about real estate if you think August should be busy because of school.