The Real Estate Market in Silver Spring and Takoma Park continues to pick up momentum. The question is, have we hit bottom and are we heading out of this or is this just a short upswing before the bottom really falls out?
I wish I had a Crystal Ball but . . . . . "Those that live by the Crystal Ball eat glass"!
My suggestion right now would be that if you are wanting to buy, jump in now. You can't go wrong. If you are selling or need to sell, sell now and price your home to move fast. If this is a short upswing then you don't want to miss your chance to sell now during an upswing. How long of a window might we have? This is another question that is begging for a Crystal Ball.
My guess is that we might see a better market for at least the next 60 days. The problem longer term could be interest rate increases or the increase in inventory of foreclosed homes. Either of these could have a negative impact. My suggestion is NOT to watch national trends, but focus mostly on what you see taking place in our community. This will certainly give you the best perspective on our Silver Spring or Takoma Park, Maryland Real Estate market. Click on the chart below to get your free "Real Time" Market Stats for Silver Spring or Takoma Park:
