Prince George's County Maryland Real Estate Market Report for June 2010

By
Real Estate Agent with Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC SP98364271

    Prince George's County Maryland Real Estate Market Report for June 2010. People are buying and selling homes for sale in Prince George's County MD. Anybody who is talking NOT THINKING-(There is a difference)about buying or selling a house should always review Real Estate Market Reports in your area of interest.

    Local PG County MD Real Estate Market Reports is a good barometer to aid you in making your home buying or selling decision. Just like Investors and Foreign Investors study the NASDAQ,AMEX,NIKKEI 225 (Japenese Stock Market) and S&P500 charts to determine whether they should buy,sell or hold a stock,the same applies to the Real Estate Market. This is a great time to buy a house in PG County MD.

   In June 2010,867 homes for sale in Prince George's County MD SOLD compared to 536 homes that were sold in June 2009. That is a 61.75% increase. Out of the 867 homes for sale that sold in June 2010,161 of them were Cash. That is 18.5%. Average days of a house on the market in PG County MD now is 91 days. Last year the average days on the market was 137 days. There are a lot of Prince George's County MD Cash home buyers and investors who are looking for houses to buy in Prince George's County MD 

That is good in this Real Estate Market. Some of the things I think may have contributed to the 867 PG County MD SOLD Homes in June 2010 can be                                               

  • Home buyer's tax credit-People didn't want to miss out on a chance to earn the $8,000 home buyer tax credit so like many people when they want something,they did what they had to do to get and weren't dragging their feet unlike some home buyers who are still sitting on the fence and waiting until they will be able to buy a house for nothing. Just because most of the inventory on the market IN PG County MD are Short Sales and Foreclosures doesn't mean that homeowners are giving away their houses.
  • Income tax credit-Some people like to invest their money wisely on a reasonable sound investment instead of an outfit you probably won't be able to fit into two months from now. (NOTE: If anyone is offended,I APOLOGIZE. Please forgive me. My intent wasn't to offend anyone but no that an great investment like a real estate property will only appreciate in value in due time.)
  • Selling months-June,July and August  are three of the busiest home selling months in the year. A lot of things are happening during this time that may make someone want to sell their house: Ex:Military family relocating to another duty station,kids going to another high school,kids going off to college,someone getting another job in another city.

  

Also home buyers who are talking about buying a house now can get a  home buyer grant for up to $7,500

To receive a free copy of the Real Estate Market Report in your area of choice,please give me a call at 202-378-0283. Or send me an e-mail to bswiff@yahoo.com and put in the subject line:FREE REAL ESTATE MARKET REPORT.

And if you are in the market to buy a house now,start your home buying search here:

 

 

 

 

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Lanre-"THE REAL ESTATE FARMER" Folayan

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