Silver Spring Real Estate Market Slides to Home Sales Low Point

The Silver Spring market showed no signs of halting a six-week downward contraction, with a record low 47 homes sold in the last 30 days. Sales showed a 9.6% decrease from the prior period, returning to a low not seen since April. During the same time frame, Washington had the most of any other neighboring municipalities with 631 sales. The median sales price dropped to $435,000, down from last week's $438,000. With only three months of inventory to sell, Silver Spring is a still seller's market, even after taking into consideration the falling sales numbers.

If you don't want to spend too much for a home, start by taking a look a these affordable listings in Silver Spring:

$103K   $105K   $125K  

Get started right now by checking out Silver Spring homes for sale or reviewing Silver Spring real estate trends.

Demographic facts about Silver Spring:

  • This area has an affordability rating of 36. (Scale: 1 = Worst, 100 = Best)
  • The area gets an average of 40.8 inches of rain each year. (U.S. average: 36.5)
  • The area's income per capita is $36,071.
  • The area's school rating is 68. (Scale: 1 = Worst, 100 = Best)

Data reported through 10/12/2016


Ask a local expert about this area:
Keller Williams Capital Properties
47 reviews
Keller Williams Realty
Snapped 21 homes in this area
Evers & Company Real Estate, Inc.
Snapped 32 homes in this area

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