North Potomac Real Estate Market Continues Weakness in Price Cuts

Sales in the North Potomac market fell to 14 homes sold over the past 30 days. In addition, the number of sellers reducing their listing price is still in the midst of a downward trend with 12 price reductions in the same time frame. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. The median sales price remained unchanged over the latest reporting period for North Potomac, coming in at $646,250. Despite the slip in sales, a relatively low three months of inventory indicates that North Potomac is a seller's market.

Trying to find a home in North Potomac that offers more bedrooms? Then check out these listings that provide the most bedrooms in the area:

$639K   $799K   $749K  

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

Demographic facts about North Potomac:

  • The population has increased 7.3% over the past decade.
  • The lifestyle rating for this area is 68. (Scale: 1 = Worst, 100 = Best)
  • 77.5% of the residents commute to work alone in their car, 7.6% via carpool, and 6.7% by way of public transit.

Data reported through 1/11/2017

Comments:

Ask a local expert about this area:
RE/MAX Results
22 reviews
Snapped 2 homes in this area
RE/MAX Town Center
Snapped 591 homes in this area

Agents that specialize in this area
2 snaps in this area
3 snaps in this area
20 snaps in this area
2 snaps in this area
7 snaps in this area
1 snap in this area
2 snaps in this area
1 snap in this area
2 snaps in this area
1 snap in this area
©2017 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2017 SmartZip Analytics, Inc. and ©2017 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.