SILVER SPRING HOUSING MARKET DATA

There was an increase in total units sold in May, with 201 sold this month in Silver Spring Real Estate versus 185 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 19% versus May 2024.

Versus last year, the total number of homes available this month is higher by 83 units or 27%. The total number of active inventory this May was 391 compared to 308 in May 2024. This month's total of 391 is lower than the previous month's total supply of available inventory of 445, a decrease of 12%.

Last May, the median sale price for Silver Spring Homes was $568,750. This May, the median sale price was $545,000, a decrease of 4% or $23,750 compared to last year. The current median sold price is 4% 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 Silver Spring, compared to 1.2 in May 2024. That is an increase of 57% 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 245 homes newly listed for sale in Silver Spring compared to 281 in May 2024, a decrease of 13%. There were 234 current contracts pending sale this May compared to 239 a year ago. The number of current contracts is 2% lower than last May.

In May, the average sale price in Silver Spring was 101.1% of the average list price, which is 1.5% lower than at this time last year.

This month, the average number of days on market was 25, higher than the average last year, which was 16, an increase of 56%.





FOCUS ON: SILVER SPRING HOUSING MARKET			MAY 2025

Zip Code(s): 20901, 20902, 20903, 20904, 20905, 20906 and 20910
Units Sold 201	Active Inventory 391	Median Sale Price $545,000	Days On Market 25

Down -19% Vs. Year Ago	Up 27% Vs. Year Ago	Down -4% Vs. Year Ago	Up 56% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 201 sold this month in Silver Spring Real Estate versus 185 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 19% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 83 units or 27%. The total number of active inventory this May was 391 compared to 308 in May 2024. This month's total of 391 is lower than the previous month's total supply of available inventory of 445, a decrease of 12%.
		Median Sale Price Last May, the median sale price for Silver Spring Homes was $568,750. This May, the median sale price was $545,000, a decrease of 4% or $23,750 compared to last year. The current median sold price is 4% 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 245	Current Contracts 234	Sold Vs. List Price 101.1%	Months of Supply 1.9

Down -13% Vs. Year Ago	Down -2% Vs. Year Ago	Down -1.4% Vs. Year Ago	Up 57% Vs. Year Ago


		Months of Supply In May, there was 1.9 months of supply available in Silver Spring, compared to 1.2 in May 2024. That is an increase of 57% 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 245 homes newly listed for sale in Silver Spring compared to 281 in May 2024, a decrease of 13%. There were 234 current contracts pending sale this May compared to 239 a year ago. The number of current contracts is 2% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in Silver Spring was 101.1% of the average list price, which is 1.5% lower than at this time last year. Days on Market This month, the average number of days on market was 25, higher than the average last year, which was 16, an increase of 56%.


	Silver Spring are defined as properties listed in zip code/s 20901, 20902, 20903, 20904, 20905, 20906 and 20910.
	*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.