NORTH POTOMAC HOUSING MARKET DATA

The number of units sold remained stable in May, with 67 sold this month in North Potomac Real Estate. This month's total units sold was lower than at this time last year, a decrease of 2% versus May 2024.

Versus last year, the total number of homes available this month is higher by 17 units or 20%. The total number of active inventory this May was 100 compared to 83 in May 2024. This month's total of 100 is lower than the previous month's total supply of available inventory of 134, a decrease of 25%.

Last May, the median sale price for North Potomac Homes was $717,000. This May, the median sale price was $670,000, a decrease of 7% or $47,000 compared to last year. The current median sold price is 11% lower than in April.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In May, there was 1.5 months of supply available in North Potomac, compared to 1.0 in May 2024. That is an increase of 46% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 81 homes newly listed for sale in North Potomac compared to 83 in May 2024, a decrease of 2%. There were 98 current contracts pending sale this May compared to 79 a year ago. The number of current contracts is 24% higher than last May.

In May, the average sale price in North Potomac was 101.3% of the average list price, which is 3.4% lower than at this time last year.

This month, the average number of days on market was 16, higher than the average last year, which was 10, an increase of 60%.





FOCUS ON: NORTH POTOMAC HOUSING MARKET			MAY 2025

Zip Code(s): 20878
Units Sold 67	Active Inventory 100	Median Sale Price $670,000	Days On Market 16

Down -17% Vs. Year Ago	Up 20% Vs. Year Ago	Down -7% Vs. Year Ago	Up 60% Vs. Year Ago


		Units Sold The number of units sold remained stable in May, with 67 sold this month in North Potomac Real Estate. This month's total units sold was lower than at this time last year, a decrease of 2% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 17 units or 20%. The total number of active inventory this May was 100 compared to 83 in May 2024. This month's total of 100 is lower than the previous month's total supply of available inventory of 134, a decrease of 25%.
		Median Sale Price Last May, the median sale price for North Potomac Homes was $717,000. This May, the median sale price was $670,000, a decrease of 7% or $47,000 compared to last year. The current median sold price is 11% lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 81	Current Contracts 98	Sold Vs. List Price 101.3%	Months of Supply 1.5

Down -2% Vs. Year Ago	Up 24% Vs. Year Ago	Down -3.3% Vs. Year Ago	Up 46% Vs. Year Ago


		Months of Supply In May, there was 1.5 months of supply available in North Potomac, compared to 1.0 in May 2024. That is an increase of 46% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 81 homes newly listed for sale in North Potomac compared to 83 in May 2024, a decrease of 2%. There were 98 current contracts pending sale this May compared to 79 a year ago. The number of current contracts is 24% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in North Potomac was 101.3% of the average list price, which is 3.4% lower than at this time last year. Days on Market This month, the average number of days on market was 16, higher than the average last year, which was 10, an increase of 60%.


	North Potomac are defined as properties listed in zip code/s 20878.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.