NORTH POTOMAC HOUSING MARKET DATA

There was an increase in total units sold in June, with 88 sold this month in North Potomac Real Estate versus 67 last month, an increase of 31%. This month's total units sold was higher than at this time last year, an increase of 26% versus June 2024.

Versus last year, the total number of homes available this month is higher by 21 units or 22%. The total number of active inventory this June was 115 compared to 94 in June 2024. This month's total of 115 is lower than the previous month's total supply of available inventory of 119, a decrease of 3%.

Last June, the median sale price for North Potomac Homes was $747,495. This June, the median sale price was $699,500, a decrease of 6% or $47,995 compared to last year. The current median sold price is 4% higher than in May.

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

In June, there was 1.3 months of supply available in North Potomac. The amount of supply is similar compared to 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 77 homes newly listed for sale in North Potomac compared to 80 in June 2024, a decrease of 4%. There were 61 current contracts pending sale this June compared to 60 a year ago. The number of current contracts is 2% higher than last June.

In June, the average sale price in North Potomac was 100.1% of the average list price, which is 1.3% lower than at this time last year.

This month, the average number of days on market was 22, lower than the average last year, which was 27, a decrease of 19%.





FOCUS ON: NORTH POTOMAC HOUSING MARKET			JUNE 2025

Zip Code(s): 20878
Units Sold 88	Active Inventory 115	Median Sale Price $699,500	Days On Market 22

Up 26% Vs. Year Ago	Up 22% Vs. Year Ago	Down -6% Vs. Year Ago	Down -19% Vs. Year Ago


		Units Sold There was an increase in total units sold in June, with 88 sold this month in North Potomac Real Estate versus 67 last month, an increase of 31%. This month's total units sold was higher than at this time last year, an increase of 26% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 21 units or 22%. The total number of active inventory this June was 115 compared to 94 in June 2024. This month's total of 115 is lower than the previous month's total supply of available inventory of 119, a decrease of 3%.
		Median Sale Price Last June, the median sale price for North Potomac Homes was $747,495. This June, the median sale price was $699,500, a decrease of 6% or $47,995 compared to last year. The current median sold price is 4% higher than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 77	Current Contracts 61	Sold Vs. List Price 100.1%	Months of Supply 1.3

Down -4% Vs. Year Ago	Up 2% Vs. Year Ago	Down -1.3% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In June, there was 1.3 months of supply available in North Potomac. The amount of supply is similar compared to 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 77 homes newly listed for sale in North Potomac compared to 80 in June 2024, a decrease of 4%. There were 61 current contracts pending sale this June compared to 60 a year ago. The number of current contracts is 2% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in North Potomac was 100.1% of the average list price, which is 1.3% lower than at this time last year. Days on Market This month, the average number of days on market was 22, lower than the average last year, which was 27, a decrease of 19%.


	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.