DOWNTOWN SILVER SPRING AND TAKOMA PARK HOUSING MARKET DATA

There was a decrease in total units sold in May, with 55 sold this month in Downtown Silver Spring and Takoma Park Real Estate versus 57 last month, a decrease of 4%. This month's total units sold was higher than at this time last year, an increase of 10% versus May 2024.

Versus last year, the total number of homes available this month is higher by 4 units or 4%. The total number of active inventory this May was 106 compared to 102 in May 2024. This month's total of 106 is lower than the previous month's total supply of available inventory of 125, a decrease of 15%.

Last May, the median sale price for Downtown Silver Spring and Takoma Park Homes was $755,000. This May, the median sale price was $727,500, a decrease of 4% or $27,500 compared to last year. The current median sold price is 3% lower than in April.

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

In May, there was 1.9 months of supply available in Downtown Silver Spring and Takoma Park, compared to 2.0 in May 2024. That is a decrease of 6% 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 49 homes newly listed for sale in Downtown Silver Spring and Takoma Park compared to 74 in May 2024, a decrease of 34%. There were 47 current contracts pending sale this May compared to 45 a year ago. The number of current contracts is 4% higher than last May.

In May, the average sale price in Downtown Silver Spring and Takoma Park was 100.9% of the average list price, which is 3.3% lower than at this time last year.

This month, the average number of days on market was 19, higher than the average last year, which was 16, an increase of 19%.





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

Zip Code(s): 20910, 20912 and 20907
Units Sold 55	Active Inventory 106	Median Sale Price $727,500	Days On Market 19

Up 10% Vs. Year Ago	Up 4% Vs. Year Ago	Down -4% Vs. Year Ago	Up 19% Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 55 sold this month in Downtown Silver Spring and Takoma Park Real Estate versus 57 last month, a decrease of 4%. This month's total units sold was higher than at this time last year, an increase of 10% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 4 units or 4%. The total number of active inventory this May was 106 compared to 102 in May 2024. This month's total of 106 is lower than the previous month's total supply of available inventory of 125, a decrease of 15%.
		Median Sale Price Last May, the median sale price for Downtown Silver Spring and Takoma Park Homes was $755,000. This May, the median sale price was $727,500, a decrease of 4% or $27,500 compared to last year. The current median sold price is 3% lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 49	Current Contracts 47	Sold Vs. List Price 100.9%	Months of Supply 1.9

Down -34% Vs. Year Ago	Up 4% Vs. Year Ago	Down -3.2% Vs. Year Ago	Down -5% Vs. Year Ago


		Months of Supply In May, there was 1.9 months of supply available in Downtown Silver Spring and Takoma Park, compared to 2.0 in May 2024. That is a decrease of 6% 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 49 homes newly listed for sale in Downtown Silver Spring and Takoma Park compared to 74 in May 2024, a decrease of 34%. There were 47 current contracts pending sale this May compared to 45 a year ago. The number of current contracts is 4% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Downtown Silver Spring and Takoma Park was 100.9% of the average list price, which is 3.3% lower than at this time last year. Days on Market This month, the average number of days on market was 19, higher than the average last year, which was 16, an increase of 19%.


	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.