Area Real Estate News & Market Updates for Silver Spring MD

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Real Estate Broker/Owner with Maxus Realty Group - Broker 301-246-0001 Broker - Realtor - CEO

Area Real Estate News & Market Updates for Silver Spring  Montgomery County Maryland 

 

 
 
The market report for Silver Spring MD for August 2012 has good news and bad
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.
 
CHECK MONTGOMERY COUNTY OVER ALL NUMBERS
Activity in the Real Estate market is high . .but inventories  are at record lows
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.
 
 
General Inventory and Statistics For Montgomery County Real Estate 
 
Notice the number of listings for August 2012
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 a general overview of the local market in the video below:
 
 
 

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 

15301 MERRIFIELDS COURT, Silver Spring MD 20906

$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

 

14504 CARONA DRIVE, Silver Spring MD 20905

$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

 

1810 TILTON DRIVE, Silver Spring MD 20902

$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

 

601 BONIFANT STREET, Silver Spring MD 20910

$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
Report by: www.ReallyNiceHomes.com  MD, DC and VA

 

 

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.

Ultimately, we want to help and guide you trough the process as well as other information you might need to make your important real estate decisions.

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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Rainmaker
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Team Honeycutt
Allen Tate - Concord, NC

Thanks for sharing your information on the Silver Springs market.  It is always interesting to compare with ours.

Betty

Sep 17, 2012 02:39 AM #1
Rainmaker
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Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.

Good report Fernado and hopefully the folks get it and find it helpful in making the right decision.

Sep 17, 2012 12:06 PM #2
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Fernando Herboso - Broker for Maxus Realty Group

301-246-0001 Serving Maryland, DC and Northern VA
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