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n Potomac, Maryland, the detached housing market remained relatively stable in April, with home prices showing modest gains despite a noticeable increase in inventory. The median sold price rose to $1,375,000, representing a 4.2% increase from March and a slight 1.1% increase compared to April 2025. Homes sold in an average of 25 days, which is 44% higher than the five-year April average of 17 days, indicating a slower pace compared to recent years.
Buyer activity softened slightly during the month. New contract activity declined 9.8% month over month, with 46 new pending sales, while total pending contracts fell 5.7% to 50 transactions when including contracts carried over from March. At the same time, inventory expanded significantly, with active listings increasing 58.3% to 76 homes on the market.
As supply grew faster than demand, the Contract Ratio declined to 0.66 pendings per active listing, down from 1.10 in March. However, the ratio remained slightly above April 2025’s level of 0.62, showing the market is still healthier than it was a year ago. Even so, the current Contract Ratio sits 33% below the five-year April average of 0.99, suggesting the market is becoming more balanced and gradually shifting toward buyers. While well-positioned homes continue to attract interest, buyers now have more inventory, more flexibility, and greater negotiating power than they experienced during the tighter market conditions of previous years.
