Prince George’s County Housing Market Sees Strong Rebounds from Hitting Bottom in 2011

From hitting bottom in 2011, housing prices in Prince George’s County have risen 60% — one of the strongest rebounds in the mid-Atlantic. As reported in The Baltimore Business Journal:

New data from Long & Foster Real Estate Inc. shows the median price of a house or a condo that sold in Prince George’s County in May was up 12 percent from May 2014, to $243,000. Sales were up 3 percent and the number of residential properties on the market is down 29 percent from a year ago.

And sellers in Prince George’s County are largely getting what they want, with the average list to sale price in May of 99.1 percent.

Chart Courtesy Long & Foster, Baltimore Business Journal
Chart Courtesy Long & Foster, Baltimore Business Journal

For more information read the full article in The Baltimore Business Journal.

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