SILVER SPRING HOUSING MARKET DATA

There was a decrease in total units sold in August, with 189 sold this month in Silver Spring Real Estate versus 227 last month, a decrease of 17%. This month's total units sold was lower than at this time last year, a decrease of 6% versus August 2024.

Versus last year, the total number of homes available this month is higher by 36 units or 10%. The total number of active inventory this August was 379 compared to 343 in August 2024. This month's total of 379 is lower than the previous month's total supply of available inventory of 433, a decrease of 12%.

Last August, the median sale price for Silver Spring Homes was $520,000. This August, the median sale price was approximately the same at $550,000. The current median sold price is 6% higher than in August 2024.

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 2.0 months of supply available in Silver Spring, compared to 1.7 in August 2024. That is an increase of 18% 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 198 homes newly listed for sale in Silver Spring compared to 252 in August 2024, a decrease of 21%. There were 195 current contracts pending sale this August compared to 176 a year ago. The number of current contracts is 11% higher than last August.

In August, the average sale price in Silver Spring was 99.7% of the average list price, which is 1.4% lower than at this time last year.

This month, the average number of days on market was 30, higher than the average last year, which was 18, an increase of 67%.





FOCUS ON: SILVER SPRING HOUSING MARKET			AUGUST 2025

Zip Code(s): 20901, 20902, 20903, 20904, 20905, 20906 and 20910
Units Sold 189	Active Inventory 379	Median Sale Price $550,000	Days On Market 30

Down -6% Vs. Year Ago	Up 10% Vs. Year Ago	Up 6% Vs. Year Ago	Up 67% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 189 sold this month in Silver Spring Real Estate versus 227 last month, a decrease of 17%. This month's total units sold was lower than at this time last year, a decrease of 6% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 36 units or 10%. The total number of active inventory this August was 379 compared to 343 in August 2024. This month's total of 379 is lower than the previous month's total supply of available inventory of 433, a decrease of 12%.
		Median Sale Price Last August, the median sale price for Silver Spring Homes was $520,000. This August, the median sale price was approximately the same at $550,000. The current median sold price is 6% higher than in August 2024. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 198	Current Contracts 195	Sold Vs. List Price 99.7%	Months of Supply 2.0

Down -21% Vs. Year Ago	Up 11% Vs. Year Ago	Down -1.4% Vs. Year Ago	Up 18% Vs. Year Ago


		Months of Supply In August, there was 2.0 months of supply available in Silver Spring, compared to 1.7 in August 2024. That is an increase of 18% 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 198 homes newly listed for sale in Silver Spring compared to 252 in August 2024, a decrease of 21%. There were 195 current contracts pending sale this August compared to 176 a year ago. The number of current contracts is 11% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Silver Spring was 99.7% of the average list price, which is 1.4% lower than at this time last year. Days on Market This month, the average number of days on market was 30, higher than the average last year, which was 18, an increase of 67%.


	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.