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.

Number of homes for sale in Potomac MD is on the rise

For the past few months, we have been watching asking prices of homes for sale in Potomac MD fall.  And then fall some more.  At the same time, inventory levels are rising, which is not a great combination at all if you are even remotely interested in selling your house.  Maybe it's ok if you are buying a home, but at some point, the markets will need to find some kind of equilibrium, and these recent trends don't really point to any kind of balance at all.

Right now, in early August of 2011, there are about 60 more homes for sale in this real estate market than there were at this time last year, from about 210 homes to 270 as of this past week.

For the most recent blog post about Potomac MD homes for sale, please visit http://dcrealestatemarketplace.com/potomac-homes-for-sale-market-update

Potomac MD Homes For Sale - Video Update For May 2011

Potomac MD Homes For Sale

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

Homes For Sale In Potomac MD - Video Update for April 2011

Homes For Sale In Potomac MD

Luxury Homes For Sale In Potomac MD - Video Update For April 2011

Luxury Homes For Sale In Potomac MD