Real Estate Market Analysis for December: Germantown, Hagerstown, Silver Spring, and Washington, DC
December’s real estate market offered unique dynamics across Germantown, Hagerstown, Silver Spring, and Washington, DC. Here's a breakdown of the trends and which markets favored buyers versus sellers:
Germantown, MD
Median List Price: $369,900 (down 20.7% from October)
Active Listings: 47 (down 54.4% from October)
Median Days on Market: 25 (down 10.7% from October)
New Listings (Last 5 Days): 6
Buyer Advantage: With a significant drop in list prices and fewer active listings, Germantown leans towards buyers seeking deals in a softening market.
Hagerstown, MD
Median List Price: $339,900 (up 1.2% from October)
Active Listings: 207 (up 4.5% from October)
Median Days on Market: 39 (up 11.4% from October)
New Listings (Last 5 Days): 8
Balanced Market: Hagerstown’s slight increase in list price and growing inventory creates opportunities for both buyers and sellers.
Silver Spring, MD
Median List Price: $475,000 (down 16.7% from October)
Active Listings: 219 (up 46% from October)
Median Days on Market: 39 (down 1.9% from October)
New Listings (Last 5 Days): 19
Buyer Advantage: With inventory increasing dramatically and prices dropping, Silver Spring offers buyers more choices and negotiating power.
Washington, DC
Median List Price: $614,450 (down 6.5% from October)
Active Listings: 2,204 (down 17.9% from October)
Median Days on Market: 53 (up 12.8% from October)
New Listings (Last 5 Days): 98
Seller Advantage: Despite a drop in active listings, DC’s higher price point and increased days on market suggest sellers still hold leverage, especially for well-maintained or uniquely located properties.
Key Takeaways
Buyer-Friendly Markets: Germantown and Silver Spring, with declining prices and increasing inventory, provide opportunities for negotiation.
Seller-Friendly Market: Washington, DC remains favorable for sellers due to lower inventory levels despite price adjustments.
Balanced Market: Hagerstown’s steady metrics make it ideal for both parties depending on specific goals.
Understanding these trends can help you make informed decisions, whether you’re looking to buy or sell. For expert guidance tailored to your needs, feel free to reach out!
About Mac
William "Mac" McCord is a licensed real estate agent in Maryland and Washington, D.C., specializing in residential and commercial properties. Known for his local expertise and digital marketing skills, Mac offers clients valuable insights on his blog and YouTube channels. Connect with Mac for trusted advice and a seamless real estate experience.