POTOMAC HOUSING MARKET DATA

There was an increase in total units sold in March, with 32 sold this month in Potomac Real Estate, an increase of 19%. This month's total units sold is similar compared to a year ago.

Versus last year, the total number of homes available this month is lower by 3 units or 3%. The total number of active inventory this March was 85 compared to 88 in March 2024. This month's total of 85 is lower than the previous month's total supply of available inventory of 97, a decrease of 12%.

Last March, the median sale price for Potomac Homes was $1,209,000. This March, the median sale price was $1,325,000, an increase of 10% or $116,000 compared to last year. The current median sold price is 12% lower than in February.

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

In March, there was 2.7 months of supply available in 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 52 homes newly listed for sale in Potomac compared to 75 in March 2024, a decrease of 31%. There were 55 current contracts pending sale this March compared to 49 a year ago. The number of current contracts is 12% higher than last March.

In March, the average sale price in Potomac was 99.9% of the average list price, which is 2.0% lower than at this time last year.

This month, the average number of days on market was 27, higher than the average last year, which was 12. This increase was impacted by the limited number of sales.





FOCUS ON: POTOMAC HOUSING MARKET			MARCH 2025

Zip Code(s): 20854
Units Sold 32	Active Inventory 85	Median Sale Price $1,325,000	Days On Market 27

No Change Vs. Year Ago	Down -3% Vs. Year Ago	Up 10% Vs. Year Ago	Up Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 32 sold this month in Potomac Real Estate, an increase of 19%. This month's total units sold is similar compared to a year ago.
Active Inventory Versus last year, the total number of homes available this month is lower by 3 units or 3%. The total number of active inventory this March was 85 compared to 88 in March 2024. This month's total of 85 is lower than the previous month's total supply of available inventory of 97, a decrease of 12%.
		Median Sale Price Last March, the median sale price for Potomac Homes was $1,209,000. This March, the median sale price was $1,325,000, an increase of 10% or $116,000 compared to last year. The current median sold price is 12% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 52	Current Contracts 55	Sold Vs. List Price 99.9%	Months of Supply 2.7

Down -31% Vs. Year Ago	Up 12% Vs. Year Ago	Down -1.9% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In March, there was 2.7 months of supply available in 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 52 homes newly listed for sale in Potomac compared to 75 in March 2024, a decrease of 31%. There were 55 current contracts pending sale this March compared to 49 a year ago. The number of current contracts is 12% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Potomac was 99.9% of the average list price, which is 2.0% lower than at this time last year. Days on Market This month, the average number of days on market was 27, higher than the average last year, which was 12. This increase was impacted by the limited number of sales.


	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.