2015 Market Report
It is important to stay informed when it comes to the real estate market, especially if you are thinking about buying or selling in the future. The market is constantly changing, and DKG not only stays on top of the latest sales trends and statistics ourselves, but we provide you with all the information too. Take a look at how Silver Spring real estate for detached homes fared in 2015.
Silver Spring 20910: Average sold price was up almost $30K in the Close-in/Downtown Silver Spring 20910 for 2015. Days on market also increased. DKG is predicting a robust spring market 2016 with sales topping 2015 sales! Inventory is low right now, with only 22 active listings as of mid January, so sellers may want to get in the pre-spring market while there is less competition.
Silver Spring 20901: Average sales price in 20901 dipped slightly in 2015 compared to prior year, with more units for sale than in 2014. Sales price as a percent of list price held fairly flat. Days on market increased slightly, by 4 days. Inventory is currently low, with 51 active listings as of mid January.
Silver Spring 20902: Sold prices in 20902 increased by nearly 18 percent as did total homes sold. Days on market increased, a trend seen across the entire Silver Spring area. Mid January inventory for 20902 is at 56 active listings.