Potomac MD Homes See Dropping Days On Market Measurements

I wrote a recent blog post about Potomac MD homes, to show how the asking prices and inventory levels were trending over the past two years.  However, I failed to discuss how long homes were staying on the market.  So I have dropped in a graph here to take a look at just that statistic.

And as you can see, this graph from Altos Research shows that the DOM was pretty steady from May 2009 through August of 2010, staying between 140 and 160 days, on average.  However, something seems to have happened last fall, and the data really seems to be bouncing around like crazy.  The data points even spiked as high at 210 days at the turn of the year, but since then, it has been nothing but downhill for this particular statistic, all the way to our most recent measurement of 120 days!

If you would like to see this kind of statistical analysis for your particular neighborhood, or have any questions at all about your home, please don't hesitate to let us know.  If you prefer to read a few more articles about communities in and around the D.C. area, please make sure to visit http://dcrealestatemarketplace.com