After a strong 2nd quarter this year, sales activity in the 20901 zip-code of Silver Spring, MD has only eased slightly. According to our regional MLS (MRIS), 106 homes sold during July, August and September 2012 with an average sales price of $366,204 after an average of 62 days on the market.
The number of sales is down from 118 and so is the average sold price which was $374,441 for all sales (including short sales and foreclosures) during the 2nd quarter .
The statistics for standard sales only during the 3rd quarter look as follows:
- Number of sales: 86
- avg. list price: $395,987
- avg. sold price: $391,321
- avg. days on market: 45
Although the number of sales and average sales price are down from the 2nd quarter of this year, the very positive trend is undeniable. Compared to the same time-frame a year ago the number of sales have doubled and the average sales price has increased!
The positive trend is also evident in the steadily decreasing time it takes to sell a home in 20901 Silver Spring, MD:
Considering the decreased inventory and continuously low interest rates, the trend is likely to continue. There are currently 70 pending transactions and 72 homes actively listed for sale in the 20901 zip-code of Silver Spring, MD.
Click HERE to view all Homes For Sale in 20901 Silver Spring, MD
Whether you are thinking about buying or selling in 20901, I can help!
*Please note that these are the market statistics for all of 20901 Silver Spring and conditions vary from subdivision to subdivision. Please contact me for a free market analysis if you would like to know what's happening in your specific neighborhood.*