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In my HCOL area we are already seeing prices nosedive after they sit on the market for a few months. The discounts are around 15% off peak, and this is just th
by OrvalWintermute 4y ago
In my HCOL area we are already seeing prices nosedive after they sit on the market for a few months.
The discounts are around 15% off peak, and this is just the start.
- dalyons 4y agoWhich area is that?
- OrvalWintermute 4y agoNorthern VA We generally see closing in a week in our neighborhood of 1M to 2.2M homes with multiple competing offers, or sold before actually for sale. My take is that this is driven by listings coming out at peak prices, but with some softness in the market and increasing rates, tepid demand.
- deleted 4y ago[deleted]
- bnjms 4y agoAnd this will result in prices rising or remaining flat in MCOL areas.