Silver Spring has a wide range of housing options. Here's a summary of the median sales price of homes in Silver Spring over the last several years to help you better understand longer-term home value trends:
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If you are in the market right now, one of the most important metrics to watch is the 'days on market' (DOM) for contracts. As competition for homes is high, the median DOM for an area is very low. New homes entering the market attract intense buyer attention resulting in very quick contracts. Home values are the highest when the Days on Market is at its lowest. As homes remain on the market, buyers negotiate more aggressively resulting in lower home values. This chart is the best leading indicator of current home value trends.
Downtown Silver Spring modernly built in 2016. Condo building is in close proximity (only blocks away) to the Silver Spring Metro station. This unit has 2 bedrooms and 2 ...