Silver Spring’s rolling three-month snapshot shows inventory edging up compared with a year ago, with active listings rising slightly while new listings are also modestly higher. Months of supply has climbed to 4.5, more than doubling year over year, signaling a shift toward better balance between buyers and sellers. At the same time, contract activity is cooler, as homes sold and pending sales are both down sharply from a year earlier.
Prices are still moving upward on an annual basis even as demand eases. The typical home value is up around 11 percent year over year, and the median list price has risen as well, indicating that sellers still have pricing power despite slower sales. However, the share of homes selling above list, at about 24 percent, is only slightly higher than last year and well below peaks seen in 2023 and early 2024, pointing to less intense bidding.
Homes are generally taking longer to sell in this rolling three-month period, with the median days on market now close to seven weeks and only a small increase from last year but a notable change from the faster pace seen in 2024. The average sale-to-list ratio remains just under 100 percent, so most sellers are still achieving close to their asking prices, even with more inventory available. In a Silver Spring market that is evolving from a strong seller’s environment toward better balance, Agent Pronto can connect both buyers and sellers with an agent who understands these shifting conditions and can guide their next move.
