North Potomac Home Sales Report May 2017

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 May 2017 compared to last year at this time:

North Potomac Home Sales

- average sold price was $514,617 compared to last year's $515,261

- average days on market to sell a home went to 62 days from 67 days

- average sold price sellers are getting changed from 97%  to 97.8%

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

North Potomac Homes Sold

Through May 2017 there were 147 single family homes, 107 townhouses and 92 condos sold. Active neighborhoods include Lakelands and Westleigh. The most expensive home sold so far in 2017 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 47 cash buyers (often investors) 13.58% of the 346 buyers so far in 2017.  You can see more details in our North Potomac Property Value Report.

How Long is it Taking to Sell a Home?

So far in 2017, the average days on market was 62 compared to 67 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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