Home values in the 20905 zip-code of Silver Spring, MD have improved a great deal in 2013.
While we didn't see much improvement the year before (which was still good news then as it was a sign of the market stabilizing), in 2013 the average sales price rose to $463,353.
Compared to the height of the market, we still have a ways to go but it is good news for home owners in 20905 Silver Spring nonetheless. The average SOLD price increased by more than 10% in 2013.
Interestingly enough, we haven't seen a big variation in the number of homes sold in 20905 over the last 3 years. When the sales pace holds steady but prices are increasing, it is a sure sign of increased buyer confidence and buyer traffic. Again, that is great news for home owners in 20905 Silver Spring.
How long did it take for homes to sell in 20905 Silver Spring, MD? The average time on the market before a property sold was 69 days in 2013. That is 3 weeks less than the year before but still considerably longer than in 2005.
What can you do to make sure your home won't sit on the market? Avoid all of the top mistakes Silver Spring, MD home sellers make and hire a REALTOR® who not only knows your market but does more than just add your listing to the Multiple Listing Service and put a sign in your yard.
Curious to see the current inventory in 20905 Silver Spring, MD? Just click on the sign ...
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