 |
|||
 |
|||
| | |||
| DECEMBER 2024 | |||
| | |||
| Units Sold 764 |
Active Inventory 1,071 |
Median Sale Price $450,000 |
Days On Market 33 |
|
|
|
|
|
| Up 16% Vs. Year Ago |
Down -16% Vs. Year Ago |
Up 6% Vs. Year Ago |
Up 18% Vs. Year Ago |
| | |||
Units Sold
There was an increase in total units sold in December, with 764 sold this month in Prince George's County Real Estate versus 661 last month, an increase of 16%. This month's total units sold was higher than at this time last year, an increase of 16% versus December 2023. |
|||
Active Inventory
Versus last year, the total number of homes available this month is lower by 208 units or 16%. The total number of active inventory this December was 1,071 compared to 1,279 in December 2023. This month's total of 1,071 is lower than the previous month's total supply of available inventory of 1,446, a decrease of 26%. |
|||
Median Sale Price
Last December, the median sale price for Prince George's County Homes was $425,000. This December, the median sale price was approximately the same at $450,000. The current median sold price is 6% higher than in December 2023. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
|||
| | |||
| New Listings 495 |
Current Contracts 617 |
Sold Vs. List Price 100.2% |
Months of Supply 1.4 |
|
|
|
|
|
| Down -19% Vs. Year Ago |
Up 8% Vs. Year Ago |
No Change Vs. Year Ago |
Down -28% Vs. Year Ago |
| | |||
Months of Supply
In December, there was 1.4 months of supply available in Prince George's County, compared to 1.9 in December 2023. That is a decrease of 28% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
|||
New Listings & Current Contracts
This month there were 495 homes newly listed for sale in Prince George's County compared to 612 in December 2023, a decrease of 19%. There were 617 current contracts pending sale this December compared to 572 a year ago. The number of current contracts is 8% higher than last December. |
|||
Sale Price to List Price Ratio
In December, the average sale price in Prince George's County was 100.2% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 33, higher than the average last year, which was 28, an increase of 18%. | |||
 |
|||
| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
|||