Area Real Estate News & Market Updates for Silver Spring Montgomery County Maryland
Lets take a quick look at the report for Montgomery County Maryland in general
The bad news first: In May there was only 69000 jobs added for the whole United States.
The good news is that the private sector generated 1.8 million jobs between May 2011 to May 2012
Our local economy is tops when it comes to job creations and economic conditions. .that is the good news!
Unemployment rate is 5.6% in Maryland compared to the rest of the country
The laws of SUPPLY AND DEMAND are forecasting what the end of the year and the start of 2013 would look like, ,
PRICES ARE CERTAIN TO GO UP BECAUSE OF LOW INVENTORY AND A GROWING POOL OF BUYERS. AS THEY FIND THEMSELVES UNABLE TO BUY & COMPETE WITH OTHERS FOR THE VERY FEW LISTINGS OUT THERE.
Easy to figure this out. .
A lot of people want to sell but, their equities are still too low to motivate them.
Most of the inventory is coming from the MUST SELL homeowners to short sales and a few foreclosures out there.
If you are a buyer, my advice is to act quickly and be prepared before going out there.
2345 Active Listings available
This is the lowest number recorded in the last 7 years
We have buyers. . but the listings are simply not there!
Prices are rising because of this.
The average Days on Market has dropped over 17% from last year, indicating the trend mentioned above. Listing priced well, are selling very quick!
Check Market Updates For Other Nearby Cities:
Clarksburg - Damascus - Germantown - Olney -Montgomery Village - Gaithersburg - Rockville - Potomac - Bethesda - North Potomac - Poolesville - Kensington - Silver Spring
Check a Sample of Silver Spring MD Latest Listings
$399,900
15301 MERRIFIELDS COURT, Silver Spring
Truly a diamond in the rough! Fabulous "bones" on this ranch-style home in a neighborhood of custom homes on estate sized lots. Needs lots of work, but worth the money an...
- Beds 5
- Baths 3.0
- MLS MC7928365
$450,000
14504 CARONA DRIVE, Silver Spring
New rock-bottom price! Home has beautiful hardwood floors in the living room & dining room and has fresh painted. Center Island Kitchen. Large walk-in closet in MBR with ...
- Beds 4
- Baths 3.0
- MLS MC7928208
$74,900
3844 BEL PRE ROAD Unit #11-16, Silver Spring
Beautiful well maintained condo in desirable Grand Bel Manor area. 2 bedrooms, 2 full baths. Walking distance to transportation, shopping centers. Sold As Is Contract,...
- Beds 2
- Baths 2.0
- MLS MC7928166
- Bldg. Sheaanagement
$495,000
1810 TILTON DRIVE, Silver Spring
This sun filled home is in the sought after Forest Glen community. Conveniently located in a lovely tree lined street within minutes of the metro and easy access to 495. ...
- Beds 4
- Baths 3.0
- MLS MC7928187
$619,000
601 BONIFANT STREET, Silver Spring
Fabulous 4 bedroom & 2 bath, both all marble, brick Tudor,wooden neighborhood, large crnr lot new brick dway, flagstone walkway & back patio Vermont Slate rf. White Carr...
- Beds 4
- Baths 4.0
- MLS MC7927
Browse all real estate listings by city, by county on the property search section above. Refine your search by price, number of bedrooms, bathrooms, and other features you may need.
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CALL US: If you are ready, we can show you any property in 3 hours or less in Silver Srping MD 301-246-0001
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