Silver Spring Pricing Trends

z Silver Spring MDOver the last six months, contracts in Silver Spring are up over 54% compared to last year.  With a ton of distress sales, contracts for homes priced $300,000 or less was nearly 200% of 2008′s activity.  Over 90% of the sales this year have been for homes listed $500,000 or less.  Here’s a breakdown of contract activity by price range:

2009 08 Silver Spring Price Trends

See the overall Montgomery County market update and the Silver Spring area’s inventory by price range from June’s market update.
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Posted by Bruce Lemieux

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The multiple listing data appearing on this website, or contained in reports produced therefrom, comes in part from Metropolitan Regional Information Systems ("MRIS"). The information provided is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All real estate listings include detailed information about them that includes the name of the listing brokers and therefore may reference real estate listing(s) held by a brokerage other than the broker and/or agent who owns this web site.

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