The Real Estate Market in Silver Spring, MD is blooming!

By
Real Estate Agent with Thompson Company, REALTORS® MD594797
http://actvra.in/52p2

The Silver Spring, MD Real Estate Market is blooming!

Are you ready to spring into action?

February 2017 was another busy month in Silver Spring, MD - the busiest February since 2007! 180 transactions closed, 11 more than in February of 2016. The average sales price was a little over $351,000 which is up by about $5,500 over last year. The average time it took to sell decreased from 58 days to 40. 

This is all great news for Silver Spring, MD home sellers! For buyers, however, not so much. 

According to GCAAR (Greater Capital Area Association of REALTORS), the current inventory (homes on the market that is) in Montgomery County, MD is just 1.7 month. I can confirm that. I have buyers who are actively searching for their new home in the Silver Spring/Burtonsville area but there were only a few homes that I could show them! Inventory is most definitely tight for buyers - which means, little to no competition for sellers!

If you are thinking about selling your Silver Spring, MD home this year, spring into action!

The market is blooming!

Silver Spring, MD 2017 Real Estate Market Statistics

 

Happy 1st Day of Spring!

Posted by

ANDREA BEDARD, M.A. ~ THOMPSON COMPANY, REALTORS ~

 

 

   

                                                                                                              

 

Thompson Company, REALTORS
15711 New Hampshire Ave Silver Spring, MD 20905
o: (301) 384-9177 c: (240)593-2860

andreabedard.re@gmail.com

Andrea is a REALTOR® based in Silver Spring, MD. She has enjoyed assisting buyers and sellers since 2004 and focuses on residential Real Estate in  Montgomery and Howard County, MD. Andrea is a proud mom and hobby decorator with a vintage soul. She always answers the phone with a smile, enjoys running and treasure hunting and is addicted to coffee.

 

 All photographs are my own and I'd like to keep it that way. All information is deemed reliable but not guaranteed.

 

 

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Topic:
Real Estate Market Trends
Location:
Maryland Montgomery County Silver Spring
Tags:
how is the real estate market in silver spring
is now a good time to sell my silver spring home
silver spring md market update
february 2017 real estate market update silver spring
is silver spring a sellers or buyers market

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Rainmaker
3,380,235
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Anyone thinking of buying or selling a home in your area should call you.

Mar 20, 2017 09:46 PM #1
Rainmaker
642,437
Andrea Bedard
Thompson Company, REALTORS® - Silver Spring, MD
M.A.; REALTOR® Silver Spring, MD and beyond

Thank you Gita! 

Mar 21, 2017 07:02 AM #2
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Rainmaker
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Andrea Bedard

M.A.; REALTOR® Silver Spring, MD and beyond
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