Bethesda Real Estate - Graph Of Inventory Levels As Of March 2012

In a recent blog post at http://dcrealestatemarketplace.com/bethesda-real-estate-market-sees-rise-in-asking-prices we discussed how asking prices of Bethesda MD homes for sale have been on the rise lately.  This fits nicely with the graph above, which shows relativley low inventory levels of available property.

However, it also appears that the last few weeks have seen a few more homes come on to the market, which is not unusual for spring time, so we will have to keep an eye out and see if the increase in inventory levels puts a damper on recently rising prices.

To read more about this subject, please visit our website at www.DCRealEstateMarketplace.com

Potomac MD Real Estate Market Update For March 2012

If you are interested in the Potomac real estate market, you might want to read a new blog post at our main blog, here:  http://dcrealestatemarketplace.com/potomac-real-estate-market-update-for-march-2012.

In that blog post, we discuss the median asking price of homes currently for sale in Potomac, as well as how many homes are for sale now, and inventory levels over the past three years.  But we ran out of room, and didn't talk at all about how long homes are staying on the market, on average.

Sadly, for home sellers in Potomac, according to the graph above, it seems to be taking longer and longer for homes to leave the market.  This graph covers two years, but in March of 2010, it took an average of 140 days, and now that number is closer to 170 or 180, depending upon whether you are looking at weekly data points, or the rolling trend line.

Bethesda Real Estate - Graph Of Median Asking Prices Of Homes For Sale

A new post has been published about the overall health of the Bethesda real estate market at http://dcrealestatemarketplace.com/bethesda-real-estate-market-appears-to-be-on-the-mend

That post looks at a composite metric for the area, but I wanted to include one graph here that wasn't included on that posting.  The graph above is for the past three years and tracks the median asking price of homes for sale.  It appears that over the past few months we have seen a bit of a reboun in asking prices as they have been heading up for awhile now.  Perhaps that is just a spring bump, but if it helps put our local market into a bit stronger position, then I am all for it.

With a few more months of continued rise in prices, we might actually get back to where we were three years ago.  If you read the article I referenced above, it appears that the Bethesda real estate market may be actually preparing itself for  little run here, so I would be surprised to see asking prices continue to rise, perhaps even surpassing the highest levesl we have seen since 2009.