[quote=paramount]The DC area is an anomaly because of all the gov’t/gov’t related jobs, so I wouldn’t be surprised.

I’m considering moving back to the DC area right now, sounds like my timing might be bad from an RE perspective.[/quote]
Welcome back. In my area of great falls, a home sat for months at 1 million. Needed alot of work done (kitchen, all the baths, basement not finished)but great falls is primo area and the neighborhood is very sought after. The sellers lowered to $890 K, got multiple offers and sold for 950K without kickbacks. The new owners have been spending alot over the last 2-3 months fixing it up but will have a 6 bedroom, new roof, finished basement, new kitchen for around 300K more than they paid. If you have the $$$, prices have gone up on well priced homes in great falls the last 6 months, but not too much.