POTOMAC HOUSING MARKET DATA

There was a decrease in total units sold in May, with 41 sold this month in Potomac Real Estate versus 53 last month, a decrease of 23%. This month's total units sold was lower than at this time last year, a decrease of 34% versus May 2024.

Versus last year, the total number of homes available this month is higher by 30 units or 31%. The total number of active inventory this May was 128 compared to 98 in May 2024. This month's total of 128 is higher than the previous month's total supply of available inventory of 121, an increase of 6%.

Last May, the median sale price for Potomac Homes was $1,315,000. This May, the median sale price was $1,450,000, an increase of 10% or $135,000 compared to last year. The current median sold price is 7% higher 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 3.1 months of supply available in Potomac, compared to 1.6 in May 2024. That is an increase of 98% 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 82 homes newly listed for sale in Potomac compared to 60 in May 2024, an increase of 37%. There were 59 current contracts pending sale this May compared to 52 a year ago. The number of current contracts is 13% higher than last May.

In May, the average sale price in Potomac was 97.7% of the average list price, which is 4.9% lower than at this time last year.

This month, the average number of days on market was 17, higher than the average last year, which was 10, an increase of 70%.





FOCUS ON: POTOMAC HOUSING MARKET			MAY 2025

Zip Code(s): 20854
Units Sold 41	Active Inventory 128	Median Sale Price $1,450,000	Days On Market 17

Down -34% Vs. Year Ago	Up 31% Vs. Year Ago	Up 10% Vs. Year Ago	Up 70% Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 41 sold this month in Potomac Real Estate versus 53 last month, a decrease of 23%. This month's total units sold was lower than at this time last year, a decrease of 34% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 30 units or 31%. The total number of active inventory this May was 128 compared to 98 in May 2024. This month's total of 128 is higher than the previous month's total supply of available inventory of 121, an increase of 6%.
		Median Sale Price Last May, the median sale price for Potomac Homes was $1,315,000. This May, the median sale price was $1,450,000, an increase of 10% or $135,000 compared to last year. The current median sold price is 7% higher 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 82	Current Contracts 59	Sold Vs. List Price 97.7%	Months of Supply 3.1

Up 37% Vs. Year Ago	Up 13% Vs. Year Ago	Down -4.8% Vs. Year Ago	Up 97% Vs. Year Ago


		Months of Supply In May, there was 3.1 months of supply available in Potomac, compared to 1.6 in May 2024. That is an increase of 98% 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 82 homes newly listed for sale in Potomac compared to 60 in May 2024, an increase of 37%. There were 59 current contracts pending sale this May compared to 52 a year ago. The number of current contracts is 13% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Potomac was 97.7% of the average list price, which is 4.9% lower than at this time last year. Days on Market This month, the average number of days on market was 17, higher than the average last year, which was 10, an increase of 70%.


	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.