Silver Spring 20906 Market Reports

These market stats compare the two middle price ranges for the single family homes in the zip code of 20906.  There are fewer homes for sale in Silver Spring than there have been in previous months, but so far that has not put upward pressure on pricing.

The market Action Index

The market action index measures whether we are currently in a buyers or sellers market.  The line at which the trends change is 30

For the upper/second price range you can see this 7 day spiking well over 30 which is inching up the 90 day average.  If this trend continues, with the current trend of lower inventory there may be upward pressure on pricing.

 

 

This is for the lower/third price range.  As you can see here as well, the 7 day spike is going over that number of 30 but coming back down to hover there.  We’ll watch the trending in this price range to see if there is anything sustained to the increase in the market action.  If so, it will put increased pressure on price upwards.