North Potomac Homes Sales Report June 2016

Montgomery County Real Estate

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How's the Real Estate Market in North Potomac MD?

North Potomac home sales saw the following changes in June 2016, compared to last year at this time:

North Potomac Home Sales

- average sold price was $513,519 compared to last year's $506,224

- average days on market to sell a home went to 58 days from 62 days

- average sold price sellers are getting changed from 96.9%  to 96.9%

North Potomac market activity is summarized in the following chart (mouse over for details):

North Potomac Homes Sold

Through June 2016 there were 186 single family homes, 122 townhouses and 110 condos sold. Active neighborhoods include Kentlands, Lakelands and Westleigh. The most expensive home sold so far in 2016 was a colonial on .65 acres in Dufief Mill for $1,590,000.

The chart below shows average home price in North Potomac by type.

Are Sellers Getting Their Asking Price in North Potomac?

The chart below shows the proportion of the original listing price a home seller is getting when they sell, taking into account price reductions. There were 58 cash buyers (often investors) 13.9% of the 418 buyers so far in 2016.  You can see more details in our North Potomac Property Value Report.

How Long is it Taking to Sell a Home?

So far in 2016, the average days on market was 62 compared to 58 days last year. You can see more market statistics in our North Potomac Real Estate Trends Market Report.

Call Bob Myers of Re/Max Realty Services at 301-910-9910 if you have any questions about the value of your home or the real estate market.  Search for North Potomac homes for sale, save your favorites and get updates:

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