Market Conditions in 20901>Question Details

M. Kaplowitz, Other/Just Looking in Silver Spring, MD

What is the real estate market like in Silver Spring, MD, 20901? If all real estate values are local...What?

Asked by M. Kaplowitz, Silver Spring, MD Thu Feb 7, 2008

does this mean for me? 3BR 2Bath, hardwood throughout.

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8
The 20901 area of Silver Spring is strong. Homes in good condition with a fair list price are selling quickly with strong offer - less contingencies. Inventory is still low which is good news for sellers. It's common to see multiple offers. We just wrapped up a 2013 market analysis for 20901 and the surrounding areas. Happy to pass it along. Just email me or give me a call.
0 votes Thank Flag Link Thu Jan 30, 2014
Hello M,

Market conditions in SS are good and continue to improve. Each neighborhood in Silver Spring is different and some areas are more desired than others thus commanding a higher price. if you need more information on particular area or looking for comps to sell your home feel free to call me.
0 votes Thank Flag Link Mon Jan 6, 2014
the market in Silver Spring looks good from my stats. I would be happy to share them with you! http://www.marylandhouses4sale.com
0 votes Thank Flag Link Sun Jan 5, 2014
The 2013 market statistics for Detached HOmes selling in 20901 are in and it's good news for Silver Spring home owners! 2013 showed a strong increase for all market indicators! Volume increased 17.7% over 2012 as a result of both an increase in the number of units sold coupled with a 12% increase in the average sold price from $385,251 in 2012 to $430,961 in 2013! What's more is the median price increased from $375,000 to $430,000! Home owners also relized sales closer to their list price, rising from 98.1% of LP in 2012 to 99.2% in 2013. And homes took less time to sell. Average days on market fell 48% from 73 days to 38 days in 2013 while median days on market also decreased from 36 days to 15 days!
0 votes Thank Flag Link Sat Dec 28, 2013
The 20901 market is very strong in 2013. Many homes are selling with multiple offers, escalation clauses, and stripped down contingencies. Other homes are sitting. It really depends on the condition and price of the home and how desirable it is to consumers. Let me know if I can help.
0 votes Thank Flag Link Mon Jul 22, 2013
Here is the market trend for 20901 today.
0 votes Thank Flag Link Thu Feb 7, 2013
It is a Buyers Market -there are plenty of lovely homes to choose from. In Silver Spring prices for 3 bedroom 2 bath range from 340's to 500K and some higher priced. With low interest rates and Sellers
very willing to negotiate and sell the climate could not be better to buy now! Give me a call to discuss
further at 301 881 9800 ext 402.
0 votes Thank Flag Link Wed May 7, 2008
Hi
It's a great time to be a buyer-low interest rates, lot's of homes to choose from, and many motivated sellers! In Silver Spring, MD 20901 there are currently 36 detached homes available w/ 3 BR's, 2 FB's and are priced from $344K-$599k. The average price is $447k and the average time on market is 125days.
If you would like more specific information, please email us at teamreed@comcast.net or call us at 301-528-REED (7333). Thanks. Rick & Ivy Reed
0 votes Thank Flag Link Thu Feb 7, 2008
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