City:

Potomac, MD

Potomac is a city in the state of maryland with a population of roughly 49,189. It is in Montgomery County, Maryland the Washington-Arlington-Alexandria, DC-VA-MD-WV core-based statistical areas (CBSA), and the Washington-Baltimore-Arlington, DC-MD-VA-WV-PA combined statistical area (CSA).Its Zip codes include 20854 .

Trends in Home Prices in Potomac, MD

Real estate in Potomac, MD is a hot commodity. With an average home price of $1.5 million and a population of just over 100,000 people, the area is primed for growth. There are plenty of options for buyers and sellers alike, and the market is constantly changing.

Potomac has a long history as a residential area. The town was founded in 1751 by George Washington and named after the Potomac River. The river provided power for mills that were used to produce bricks, flour, lumber and other goods. The town prospered as a result of its location on the important transportation route between Baltimore and Washington D.C., which made it an attractive place to live.

Today, Potomac is known for its luxury homes and estates. Many of the area's residents are affluent professionals who enjoy living in close proximity to both metropolitan areas without having to deal with high taxes or traffic congestion. There are also many families who have chosen Potomac as their home because it offers excellent schools and recreational opportunities not found in many other parts of Maryland or Washington D.C..

The real estate market in Potomac is constantly changing due to new development projects, changes in economic conditions and fluctuations in the value of homes based on location and size. As such, it is important for buyers or sellers to consult with an experienced real estate agent who can provide accurate information about current trends and market conditions

Price Index: Frederick-Gaithersburg-Rockville, MD (MSAD)

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