DOWNTOWN SILVER SPRING AND TAKOMA PARK HOUSING MARKET DATA

There was an increase in total units sold in August, with 44 sold this month in Downtown Silver Spring and Takoma Park Real Estate versus 43 last month, an increase of 2%. This month's total units sold was lower than at this time last year, a decrease of 8% versus August 2024.

Versus last year, the total number of homes available this month is higher by 3 units or 3%. The total number of active inventory this August was 105 compared to 102 in August 2024. This month's total of 105 is lower than the previous month's total supply of available inventory of 107, a decrease of 2%.

Last August, the median sale price for Downtown Silver Spring and Takoma Park Homes was $668,000. This August, the median sale price was $613,500, a decrease of 8% or $54,500 compared to last year. The current median sold price is 18% lower than in July.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In August, there was 2.4 months of supply available in Downtown Silver Spring and Takoma Park, compared to 2.1 in August 2024. That is an increase of 12% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 40 homes newly listed for sale in Downtown Silver Spring and Takoma Park compared to 48 in August 2024, a decrease of 17%. There were 28 current contracts pending sale this August, consistent with the volume a year ago. The number of current contracts is 36% lower than last month.

In August, the average sale price in Downtown Silver Spring and Takoma Park was 98.7% of the average list price, which is 2.0% lower than at this time last year.

This month, the average number of days on market was 44, higher than the average last year, which was 30, an increase of 47%.





FOCUS ON: DOWNTOWN SILVER SPRING AND TAKOMA PARK HOUSING MARKET			AUGUST 2025

Zip Code(s): 20910, 20912 and 20907
Units Sold 44	Active Inventory 105	Median Sale Price $613,500	Days On Market 44

Down -8% Vs. Year Ago	Up 3% Vs. Year Ago	Down -8% Vs. Year Ago	Up 47% Vs. Year Ago


		Units Sold There was an increase in total units sold in August, with 44 sold this month in Downtown Silver Spring and Takoma Park Real Estate versus 43 last month, an increase of 2%. This month's total units sold was lower than at this time last year, a decrease of 8% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 3 units or 3%. The total number of active inventory this August was 105 compared to 102 in August 2024. This month's total of 105 is lower than the previous month's total supply of available inventory of 107, a decrease of 2%.
		Median Sale Price Last August, the median sale price for Downtown Silver Spring and Takoma Park Homes was $668,000. This August, the median sale price was $613,500, a decrease of 8% or $54,500 compared to last year. The current median sold price is 18% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 40	Current Contracts 28	Sold Vs. List Price 98.7%	Months of Supply 2.4

Down -17% Vs. Year Ago	No Change Vs. Year Ago	Down -2% Vs. Year Ago	Up 12% Vs. Year Ago


		Months of Supply In August, there was 2.4 months of supply available in Downtown Silver Spring and Takoma Park, compared to 2.1 in August 2024. That is an increase of 12% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 40 homes newly listed for sale in Downtown Silver Spring and Takoma Park compared to 48 in August 2024, a decrease of 17%. There were 28 current contracts pending sale this August, consistent with the volume a year ago. The number of current contracts is 36% lower than last month.
		Sale Price to List Price Ratio In August, the average sale price in Downtown Silver Spring and Takoma Park was 98.7% of the average list price, which is 2.0% lower than at this time last year. Days on Market This month, the average number of days on market was 44, higher than the average last year, which was 30, an increase of 47%.


	Downtown Silver Spring and Takoma Park are defined as properties listed in zip code/s 20910, 20912 and 20907.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.