Cara Pearlman

Potomac, MD

Single-Family Homes

COMPASS - Maryland, DC & VA



Potomac, MD

Mon Feb 06 2023
This week the median list price for Potomac, MD is $2,600,000 with the market action index hovering around 45. This is less than last month's market action index of 47. Inventory has increased to 24. Click here to stay informed with the Potomac market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Potomac, MD

Mon Feb 06 2023
This week the median list price for Potomac, MD is $2,600,000 with the market action index hovering around 45. This is less than last month's market action index of 47. Inventory has increased to 24. Click here to stay informed with the Potomac market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Potomac market.
Median List Price $2,600,000
Median Price of New Listings $0
Per Square Foot $369
Average Days on Market 143
Median Days on Market 102
Price Decreased 33%
Price Increased 0%
Relisted 13%
Inventory 24
Median Rent
Market Action 45
Strong Seller's Market

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$6,297,500 16,106 2.5 - 5 acres 6 8.8 23 0 1 266
$3,200,000 10,450 1 - 2.5 acres 6 6.8 28 0 0 143
$2,322,500 6,601 1 - 2.5 acres 5 5 34 0 0 66
$1,400,000 3,839 0.25 - 0.5 acre 4 4.5 50 0 2 17