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 lise@lisehowe.com. 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 Single Family Luxury Homes
Chevy Chase Single Family Luxury Homes
Luxury Single Family Washington DC Homes
Washington DC Single Family Homes Under $1 Million