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Welcome to The Stillwell Group Market Update, I’m Lee Stillwell.
If you’re considering buying or selling residential real estate, it’s important to understand the current market trends.
According to Bright MLS, the marketplace for Potomac, MD residential properties, here’s what happened in May Vs April 2025:
The number of sold listings decreased by 13% to 39 properties, with a top sale of $4.5 million at 10721 Red Barn Ln
The Average Sales Price increased by 7% to $1.5 million, and the Average Price Per Square Foot is $354.
The inventory of properties available for sale is measured in month supply and it increased by 47% to 2.41 month worth of properties for sale.
The 30-year fixed mortgage rate is at an average rate of 6.9% according to Freddiemac.com
If you’re thinking about buying or selling residential real estate now or in the near future, it’s important to seek the guidance and advice of a professional real estate agent.
Thanks for tuning in. We’ll see you in the next Stillwell Group Market Update.
