Silver Spring MD homes for sale see higher median asking price than two years ago

Over at http://dcrealestatemarketplace.com, there was a recent article discussing the median asking price of homes for sale in Silver Spring MD, and whether it was good news for bad news.  I have included the same chart here that was used there, but here's the basic question:

If today's median asking price for Silver Spring MD homes for sale is higher than it was two years ago, but lower than last year's value, is that good news or bad news?  Does it make it easier for you to answer if I tell you that the Days On Market has the same kind of variance, with today's data point being lower then two years ago, but higher than last years?

I know, it's all a mess.  But be sure to keep reading at our website for more info, on Silver Spring as well as many other areas in and around D.C.

Video - Quick review of data on Silver Spring MD homes for sale - June 2011

Silver Spring MD homes for sale

Silver Spring MD real estate update for May 2011

Today, I bring you a quick chart I put together showing the median asking prices of homes for sale in the Silver Spring MD real estate market over the past two years.  It has some good news, and some bad new, depending upon how you prefer to look at your news.

The two lines on the graph are of weekly data points as well as a rolling trend line, and they both track pretty much the same line.  Two years ago, the median asking price of homes for sale in Silver Spring was right around $370,000.  In the past two years, we have seen lows of $350,000 and highs of $400,000, but as of our latest measurement, we are pretty close to $380,000.  Which is another way of saying that over 24 months, the median asking price for Silver Spring homes moved up only about 3%.  Which isn't horrible.  But it isn't great either.

If you would like more info on home values in and around the Greater DC Area, please visit http://dcrealestatemarketplace.com

Silver Spring MD Homes For Sale Market Update - Video

Silver Spring MD Homes For Sale

Silver Spring MD Homes For Sale Seeing Dropping Days On Market Measurements

First, let me apologize if you find the title of this short post confusing.  Yes, DOM is dropping if you look at it from the high measurements taken in January, but they are rising overall if you looked only at last year's level at this point.  What I am trying to do is see where we are trending when we look at Silver Spring MD homes for sale, and whether or not we can expect lower Days On Market measurements, or higher, as we progress through the spring selling season.

The graph above shows a value of about 114 days on average, one year ago, for a home for sale to leave the market.  That number rose all the way up above 150 in January before falling to our most current level of 120, which is reduction of one full month, which is somewhat noteworthy, I would think.

If you would like more data on Silver Spring homes, or any other area in and around DC, such as Bethesda, Potomac or Chevy Chase, please visit www.DCRrealEstateMarketplace.com.

Downtown Silver Spring MD real estate marketing plan

I noticed something interesting yesterday, and I don't want anyone to get the wrong impression, so I am here to clear a few things up.  It appeas that if you search for an effective marketing plan for your home in Avenel, my website shows up in the top four spots.  Which I am pleased with!

But I don't want anyone to think that I don't have an equally effective Downtown Silver Spring MD Real Estate Marketing Plan, or for any other community around the DC area!  It is the same plan, so the tools that I use to sell homes in Chevy Chase are the same homes I use to sell homes in Bethesda, and Silver Spring, and Potomac, and...  you get the point.

Effective marketing tools are just that, effective tools, and it doesn't matter if the homes are located in the DC area, or any other city across the country.  So if you are thinking of selling your Downtown Silver Spring home, please don't think that I sell only Avenel homes just because Google lists my site as the top four spots for Avenel!

If I can ever be of assistance, in selling or buying a home, in any community in and around DC, please don't hesitate to visit my site and contact me there.

Silver Spring MD Homes For Sale Asking Price Update

This will be a very short article, aimed primarily at anyone living in the Silver Spring market, and even those considering buying one of the available downtown Silver Spring MD homes for sale.  The median asking prices have really taken it on the chin over the past six months, losing over 12% of their value in just that short time.  If you will allow me to speak in rough numbers, in August of 2010, the median asking price for Silver Spring MD homes was right around $400,000, but in our most recent measurement, that number has fallen to $350,000, a drop of $50,000, or 1/8th of last fall's asking price.  That's pretty rough.

If you are considering selling your Silver Spring home, or maybe you want to buy one, and you need more market information to make a good decision, please don't hesitate to visit http://dcrealestatemarketplace.com for the most current market statistics as well as the most effective home marketing solution anywhere!