The Real Estate Market Statistics for Potomac MD 20854 are stable but softening in August 2015. The Potomac Market is trending toward a buyer market with 5 months of supply, an increase in listings, and reduced numbers of properties under contract or settled, as compared with the same time last year. Now is not the time to put a house on the market and expect to exceed the price paid for a similar house with a similar condition last month!
This chart reflects the historical market behavior in Washington that August is a slow month so October closings are off, but October is great for properties going under contract so the December settled properties are strong. Similarly the most properties go under contract in April making June a great month for closings. As you can see, the market is trending slowly upward but still bounces around! Finally - Days on market are trending upward - but this is to be expected given the time of the year. If you are planning to buy or sell a home, please give the Lise Howe Group a call at 240-401-5577. We specialize in luxury home sales. Check out our listings at The Lise Howe Group.
If you want to see what is on the market in Potomac MD, just click here!
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