Market Update for Bethesda, Maryland 20817
A total of $28.50 million worth of homes sold in zip code 20817 during May, a drop of 7.63% compared to May of last year.
The median price was up slightly -- by 3.12% -- and the total number of homes sold was down 17.07% during this time frame.
Given the uptick in activity we’ve been seeing in nearby zip codes, the sales downturn in 20817 is anomalous, and we suspect, short-term. We’ll keep you posted.