DOWNTOWN SILVER SPRING AND TAKOMA PARK HOUSING MARKET DATA

There was an increase in total units sold in April, with 56 sold this month in Downtown Silver Spring and Takoma Park Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is higher by 28 units or 34%. The total number of active inventory this April was 110 compared to 82 in April 2024. This month's total of 110 is lower than the previous month's total supply of available inventory of 117, a decrease of 6%.

Last April, the median sale price for Downtown Silver Spring and Takoma Park Homes was $650,000. This April, the median sale price was $762,500, an increase of 17% or $112,500 compared to last year. The current median sold price is 7% higher than in March.

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

In April, there was 2.0 months of supply available in Downtown Silver Spring and Takoma Park, compared to 2.2 in April 2024. That is a decrease of 11% 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 67 homes newly listed for sale in Downtown Silver Spring and Takoma Park compared to 61 in April 2024, an increase of 10%. There were 60 current contracts pending sale this April compared to 48 a year ago. The number of current contracts is 25% higher than last April.

In April, the average sale price in Downtown Silver Spring and Takoma Park was 101.5% of the average list price, which is 1.9% lower than at this time last year.

This month, the average number of days on market was 32, higher than the average last year, which was 19, an increase of 68%.





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

Zip Code(s): 20910, 20912 and 20907
Units Sold 56	Active Inventory 110	Median Sale Price $762,500	Days On Market 32

Up Vs. Year Ago	Up 34% Vs. Year Ago	Up 17% Vs. Year Ago	Up 68% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 56 sold this month in Downtown Silver Spring and Takoma Park Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is higher by 28 units or 34%. The total number of active inventory this April was 110 compared to 82 in April 2024. This month's total of 110 is lower than the previous month's total supply of available inventory of 117, a decrease of 6%.
		Median Sale Price Last April, the median sale price for Downtown Silver Spring and Takoma Park Homes was $650,000. This April, the median sale price was $762,500, an increase of 17% or $112,500 compared to last year. The current median sold price is 7% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 67	Current Contracts 60	Sold Vs. List Price 101.5%	Months of Supply 2.0

Up 10% Vs. Year Ago	Up 25% Vs. Year Ago	Down -1.9% Vs. Year Ago	Down -12% Vs. Year Ago


		Months of Supply In April, there was 2.0 months of supply available in Downtown Silver Spring and Takoma Park, compared to 2.2 in April 2024. That is a decrease of 11% 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 67 homes newly listed for sale in Downtown Silver Spring and Takoma Park compared to 61 in April 2024, an increase of 10%. There were 60 current contracts pending sale this April compared to 48 a year ago. The number of current contracts is 25% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Downtown Silver Spring and Takoma Park was 101.5% of the average list price, which is 1.9% lower than at this time last year. Days on Market This month, the average number of days on market was 32, higher than the average last year, which was 19, an increase of 68%.


	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.