[ContemptofCourt]

"Home sales in the Washington region have declined sharply, the inventory of unsold homes is up significantly, and prices have flattened and, in some cases, fallen. The trend is most striking in Northern Virginia, where most of the region's growth has occurred, but it is evident almost everywhere."

"More than twice as many homes were available for sale in October as in the same month one year ago, 7,122 homes, compared with 3,254, and sales are off 28 percent. In the District, listings are up 62 percent and sales are down 28 percent. In Montgomery County, listings are up 49 percent and sales are down 8 percent."

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Say what you want, but these stats don't lie. Sellers are flooding the market, trying to get out before the inevitable fall comes. And, to be honest, it is not irrational to think that DC homes could lose 10-15% of their value by Spring 2006.

[montag813]

And, to be honest, it is not irrational to think that DC homes could lose 10-15% of their value by Spring 2006.

That would be NORMAL! Typically home prices fall 9-12% this time of year and rise 10-14% in Spring.