How Did the Potomac Real Estate Market Perform in November 2015?

Actually, the real estate market in Potomac Maryland is looking pretty good! 

Statistic Nov YoY MoM
Total Sold Dollar Volume $42,425,818 up+54.5% up+54.2%
Closed Sales 45 up+50% +50%
Median Sold Price $870,000 up+12.3% +13.7%
Average Sold Price $942,796 up+3% +2.8%
Median Days on Market 22 days -66.7% –54.2%
Average Days on Market 75 days -5.1% +41.5%
Median Price per Sq Foot $324 up+6.9% +5.9%
Average Price per Sq Foot $332 up+6.4% +5.7%


There are 219 active listings in November, as opposed to the five year average of 188.

In November 42 new listings came on the market, as distinguished from the five year average of 37 new listings in November.

The number of months of supply has increased only slightly, up from the five year average of 4.2months to 4.4 months in November.

The median days on market dropped dramatically – from 44 days on a five year average to 22 day average in November 2015.

If you are thinking of buying a new home in Potomac Maryland, be sure to remember that there are great values available with the winter coming on. If you want to see what is available for sale in Potomac, just click here

If you are looking for a home in the DC metro area, you know there is more to the process than just picking a property and making an offer. You need to find the best location for your wants and needs, get a great price, and work with a lender who will make your life easier – not harder.  Trust your search with a Realtor who is licensed in DC, MD and VA and really knows the city and all its secret neighborhoods.

Start your search with the Lise Howe Group, Washington Natives who love the city and all its quirkiness! If you are moving or relocating to Washington DC, be sure to ask for our relocation guide. Call us at 240-401-5577 to schedule an appointment or email us at  Too excited to wait to talk to us about a great home? Just click here to start that home search.

If you want to see what is for sale in Washington DC, Chevy Chase and Bethesda, check out these links below:

Bethesda Condos for Sale

Chevy Chase Condos for Sale

Bethesda Single Family Luxury Homes


Chevy Chase Single Family Luxury Homes

Luxury Single Family Washington DC Homes

Washington DC Single Family Homes Under $1 Million


Washington DC Condos