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| APRIL 2025 | |||
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| Zip Code(s): 20854 | |||
| Units Sold 51 |
Active Inventory 103 |
Median Sale Price $1,346,200 |
Days On Market 19 |
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| Up 4% Vs. Year Ago |
Up 10% Vs. Year Ago |
Down -4% Vs. Year Ago |
No Change Vs. Year Ago |
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Units Sold
There was an increase in total units sold in April, with 51 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 9 units or 10%. The total number of active inventory this April was 103 compared to 94 in April 2024. This month's total of 103 is higher than the previous month's total supply of available inventory of 102, an increase of 1%. |
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Median Sale Price
Last April, the median sale price for Potomac Homes was $1,400,000. This April, the median sale price was $1,346,200, a decrease of 4% or $53,800 compared to last year. The current median sold price is 2% higher than in March. 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 64 |
Current Contracts 46 |
Sold Vs. List Price 100.4% |
Months of Supply 2.0 |
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| Down -25% Vs. Year Ago |
Down -33% Vs. Year Ago |
Down -3.1% Vs. Year Ago |
Up 5% Vs. Year Ago |
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Months of Supply
In April, there was 2.0 months of supply available in Potomac, compared to 1.9 in April 2024. That is an increase of 5% 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 64 homes newly listed for sale in Potomac compared to 85 in April 2024, a decrease of 25%. There were 46 current contracts pending sale this April compared to 69 a year ago. The number of current contracts is 33% lower than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Potomac was 100.4% of the average list price, which is 3.2% lower than at this time last year. Days on Market
This month, the average number of days on market was 19, which is similar compared to a year ago. | |||
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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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