Potomac Heights Real Estate Market Hits Contracts Bottom

A dip in the number of pending transactions in the Potomac Heights market over the last 30 days has resulted in the lowest levels for contracts in three months. While one home went under contract, there were two completed sales. During the same time frame, Dale City had the most of any other neighboring municipalities with 89 contracts executed. However, a six-week downward trend in price reductions is expected to come to an end over the coming weeks. The median sales price of all transactions in Potomac Heights did not budge this week, remaining at $12,000. A downturn in contracts, coupled with the availability of eight months of inventory, prove that Potomac Heights is a definite buyer's market.

Get started right now by checking out Potomac Heights homes for sale or reviewing Potomac Heights real estate trends.

Demographic facts for Potomac Heights:

  • The affordability rating is 45. (Scale: 1 = Worst, 100 = Best)
  • The average precipitation is 42.7 inches per year. (U.S. average: 36.5)
  • This area has an income per capita of $25,429.
  • The school rating is 61. (Scale: 1 = Worst, 100 = Best)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
RE/MAX United Real Estate
65 reviews
Exit Landmark Realty
Snapped 1 home in this area
Snapped 1 home in this area

©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.