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| JUNE 2025 | |||
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| Zip Code(s): 20854 | |||
| Units Sold 72 |
Active Inventory 108 |
Median Sale Price $1,325,000 |
Days On Market 24 |
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| Up 29% Vs. Year Ago |
Up 11% Vs. Year Ago |
Down -1% Vs. Year Ago |
Up 118% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in June, with 72 sold this month in Potomac Real Estate. This month's total units sold was higher than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 11 units or 11%. The total number of active inventory this June was 108 compared to 97 in June 2024. This month's total of 108 is lower than the previous month's total supply of available inventory of 139, a decrease of 22%. |
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Median Sale Price
Last June, the median sale price for Potomac Homes was $1,337,500. This June, the median sale price was $1,325,000, a decrease of 1% or $12,500 compared to last year. The current median sold price is 11% lower 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. |
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| New Listings 55 |
Current Contracts 65 |
Sold Vs. List Price 98.9% |
Months of Supply 1.5 |
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| No Change Vs. Year Ago |
Up 48% Vs. Year Ago |
Down -4.1% Vs. Year Ago |
Down -13% Vs. Year Ago |
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Months of Supply
In June, there was 1.5 months of supply available in Potomac, compared to 1.7 in June 2024. That is a decrease of 13% 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. |
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New Listings & Current Contracts
This month there were 55 homes newly listed for sale in Potomac, which is similar to the amount in June 2024. There were 65 current contracts pending sale this June compared to 44 a year ago. The number of current contracts is 48% higher than last June. |
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Sale Price to List Price Ratio
In June, the average sale price in Potomac was 98.9% of the average list price, which is 4.2% lower than at this time last year. Days on Market
This month, the average number of days on market was 24, higher than the average last year, which was 11, an increase of 118%. | |||
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Potomac are defined as properties listed in zip code/s 20854. | ||
| *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. |
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