How's the Real Estate Market in North Potomac MD?
North Potomac home sales saw the following changes in May 2016, compared to last year at this time:
- average sold price was $515,261 compared to last year's $493,147
- average days on market to sell a home went to 67 days from 60 days
- average sold price sellers are getting changed from 96.6% to 97.0%
North Potomac market activity is summarized in the following chart (mouse over for details):
North Potomac Homes Sold
Through May 2016 there were 146 single family homes, 99 townhouses and 81 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 46 cash buyers (often investors) 13.7% of the 336 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 67 compared to 60 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: