Market Report for the 20905 zip-code of Silver Spring, MD: January - June 2013
During the first half of 2013 75 properties sold in 20905 Silver Spring, MD for an average SOLD price of $450,227 which is a big jump compared to the same period last year.
The average DOMP (days-on-market property) was 83 - a number which has been holding steady over the last few years. The same can be said for the number of home sales which has been between 70 and 80 for the period of January - June for the last 5 years. The average marketing time and steady number of sales is proof enough that there has been a steady buyer demand in the 20905 zip-code of Silver Spring, MD. The increase in average sold price is a sign of the times: a decrease in inventory in Silver Spring, increased buyer confidence and low interest rates.
Buyers love the location, well-established neighborhoods, more generously-sized lots than you would find in the close-in communities of Silver Spring, the schools ....
The 3 highest-priced home sales in 20905 thus far this year were:
401 Hilton Head Ct in Hampshire Greens closed in March for $929,000
202 Rosalie Cove Ct in Ashton Preserve closed in February for $920,000
2712 Old Briggs Chaney Rd in Fairland Acres closed in March for $920,000
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