Gazette: Houses in area not moving as fast
Mark N June 15th, 2006
The market has slowed down, say local Realtors, and sellers are offereing incentives to buyers of luxury homes.
‘There are 65 houses right now in Bethesda-Chevy Chase above the price of $2 million,’ Bethesda realtor Jane Fairweather said. ‘And 51 percent are spec houses — empty, brand new, accruing interest every month spec houses. There’s huge choice, with very few buyers right now.’
Real estate agents also think that there will be fewer tear-downs as the market continues to cool.
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