Thursday, September 15, 2011

Bethesda real estate - market comparison with Chevy Chase and Potomac MD

Bethesda_real_estate_dom_comparison_chart
At www.DCRealEstateMarketplace.com, we just wrote a short post about Bethesda real estate, but felt that we didn't have room to include this extra graph showing three local areas and how long homes are taking to leave the market.  If you want to see the post on our blog, please visit http://dcrealestatemarketplace.com/bethesda-real-estate-chevy-chase-and-potomac-comparison

The graph above shows the three areas I am most interested in, for today at least, and how long homes for sale in each community are staying for sale, on average.  Interestingly, each area now shows that homes are staying active for a shorter time than they were two years ago.  This is surprising because their prices have been falling, and there are now more homes availalbe than before.  Normally, when we see dropping prices and rising inventory, we would normally expect to see rising DOM, but not so.  Interesting.

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