Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

If OP can lever-up while maintaining adequate reserves, he will be in better position than buying with heavy cash position.  

They say you should focus on one market and get to know it in and out.

It also does NOT pay more than market rent.

Found on Zillow during a competitive time in the market.

That's the nature of the market in 2025.

I suspect you are in a much more affluent market than I am.

If you know anyone who works in those markets that would be great. 

In Arlington County, VA, the real estate market has seen notable changes from January 2024 to January 2025:Listings: The number of listings increased by 39, a 19.7% rise, from 198 to 237.Listed Median Price: The listed median price went up by $17,400, showing a 2.25% increase, from $772,500 to $789,900.Units Sold: The number of units sold increased by 2, a 1.59% increase, from 126 to 128.Sold Median Price: The sold median price decreased by $54,250, an 8.38% decrease, from $647,500 to $593,250.Summary: An increase in listings indicates a rise in supply year over year.

Hey John, properties that have been on the market for more than 30 days typically start receiving offers below the asking price, as buyers often perceive them as having room for negotiation.