Realty Times - Silver Spring, Maryland Real Estate Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Maryland > Silver Spring
Layhill View

Market Conditions Summary for Silver Spring, Maryland

Reported by

Emcee M. Arah
as of 5/23/2012:

The median sales price for homes in Silver Spring MD for Feb 12 to Apr 12 was $260,000. This represents a decline of 5.8%, or $16,000, compared to the prior quarter and a decrease of 6.9% compared to the prior year. Sales prices have depreciated... MORE->
About Emcee M. Arah

Reported by

Patrick Mace
as of 4/22/2012:

You can buy a 4 BR; 2.5 BA home for just shy of $400,000.Silver Spring has a lot to offer its residents! Montgomery County is an area that commands a slightly lofty price tag. Silver Spring is one of the main addresses in Montgomery County.... MORE->
About Patrick Mace

Reported by

Leon & Paula Hasnain
as of 4/7/2012:

Happy Spring to all, and congratulations to those that have capitalized on this unique real estate market, and we hope to make this a reality for many others and your family in 2012! 30-year fixed mortgage rates are averaging 4% & 15-year... MORE->
About Leon & Paula Hasnain

Reported by
Debbie Cook
as of 12/19/2011:

Prices are down just slightly compared to last year for single family homes in Silver Spring. Time on market is down at this time of year because of low inventory. There are not as many showings at this time of year but the lookers are more serious... MORE->

Reported by
Pamela S. (Pam) Canova
as of 12/2/2010:

Montgomery County, Maryland--During the month of November 55 units sold (4BR;2.5BA) with an average sold price of $466,011. The average list price for November was $475,028, according to MRIS statistics. Average sold price for October for similar... MORE->

Average Current Market Rating: 2.2 (5 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 2 (5 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > Maryland > Silver Spring
Layhill View

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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Mortgage Rates
30 Year Fixed: 3.83%
15 Year Fixed: 3.05%
1 Year Adj: 2.73%
(U.S. Weekly Averages)

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