Potomac Pricing Trends

z Potomac MDContracts in Potomac for the last six months are up a tepid 8% compared to the same time period in 2008.  This stat doesn’t tell the whole story, however.  For homes priced $1.1M and lower, contracts are up a dazzling 35%.  For homes priced over $1.1M, contracts are down 36%.  Here’s the breakdown by price range:

2009 08 Potomac Price Trends

This graph reiterates that sales of higher-priced homes are currently being punished in Potomac.  See the overall Montgomery County market update and Potomac’s inventory by price range from June’s market update.
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Do you have questions about the Potomac real estate market? Call us at 301-527-9079 or send an email for more info about buying, selling and living in Potomac, Maryland. homes-for-sale-in-montgomery-county contact-the-lemieux-team

Posted by Bruce Lemieux

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