April 2013 Statistics Show Continued Improvements for Prince George's County, MD

By
Real Estate Agent with Bennett Realty Solutions

Prince George's County was formed from land in Calvert and Charles Counties by an act of the General Assembly on St. George's Day, April 23, 1696. The County was named for Prince George of Denmark, husband of Princess Anne, heir to the throne of England.

The housing market in Prince George's County, MD continues to improve. At the height of the housing crisis, the county had a high percentage of foreclosures and short sales in the state of Maryland. The benefits from the $25 billion settlement between 49 states and Bank of America, JPMorgan Chase, Citicorp, Wells Fargo, and Ally Financial, the inventory of foreclosures, short sales, and REO properties has dwindled. 

Each month shows a continued and steady increase in the average home price and the number of homes sold.  The most important data continues to be the drop in the number of days a home stays on the market.

Prince George's County housing housing market is seadily improving. The county's realtors work diligenty to return county to the days of competative prices home being sold in a matter of days or weeks rather than months or years.

StatisticValuesYoYMoM
Total Sold Dollar Volume $146,505,529 +22.71% +14.52%
Closed Sales 725 +11.71% +9.02%
Median Sold Price $185,000 +10.12% +4.82%
Avg Sold Price $202,077 +9.85% +5.04%
Avg Days on Market 67 days -40.18% +9.84%
Avg Sold to Orig List Ratio 95.8% +4.76% -0.57%

Pattie Zanders is a realtor with Exit Bennett Realty in Greenbelt, MD, one of the fastest growing brokerage in Prince George's County Maryland. Her expertise is in 1st time homebuyers programs and short sales. She is the local expert for Capitol Heights MD Homes for Sale, Clinton MD Homes for Sale, District Height MD Homes for Sale, Fort Washington MD Homes for Sale, Suitland MD Homes for Sale, Temple Hills MD Homes for Sale, and Upper Marlboro MD Homes for Sale and other metropolitan Washington, DC areas. For a realtor who focuses on customer service and getting results, call today at (301) 919-8858.

 

 

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