Potomac MD – November 2015 home sales surge increasing 50% year over year and month over month. pending sales decreased about 20% year over year, possibly due to a number of reasons including: seasonal slow down, and possible effects from the new TRID lending rules.
Active listings increased about 17% and average days on market increased about 12% compared last November. The average home sale price increased about 3%, while the average list price increased 2.5%.
Data and graphics from RealEstate Business Intelligence and MRIS.
Homes sold during September 2015 in Montgomery County MD increased year over year 14.5%. New listings during September in Montgomery County MD increased 2.3% year over year; while all housing inventory grew during the same period 4.4%.
The average list price of Montgomery County MD homes during September was $513,456, while the average sale price was $504,466 (which was a year over year increase of 1.7%).