Silver Spring Market Improving for Sellers

A new Long & Foster Report confirms that the Silver Spring Market (Zip 20901,02,03,04,05,06,10) is improving for sellers. Data for May 2013 show that Units Sold at 279 is Up 6%. The # Active Listings at 509 is Down -34%, while Median Price at $360K is Up 7%. Another positive indicator for Sellers is that Days On Market at 39 is Down from 53 days (-26%). The Months of Supply is now 1.8 and is Down from 2.9 to months of supply (-38%).

All these are factors showing the strengthening of the seller market. See full Silver Spring report:  Silver Spring Market Minute Report,

Barbara Ciment, Realtor