 |
|||
 |
|||
| | |||
| JULY 2025 | |||
| | |||
| Units Sold 696 |
Active Inventory 1,891 |
Median Sale Price $449,450 |
Days On Market 30 |
|
|
|
|
|
| Down -18% Vs. Year Ago |
Up 11% Vs. Year Ago |
No Change Vs. Year Ago |
Up 36% Vs. Year Ago |
| | |||
Units Sold
There was a decrease in total units sold in July, with 696 sold this month in Prince George's County Real Estate versus 770 last month, a decrease of 10%. This month's total units sold was lower than at this time last year, a decrease of 18% versus July 2024. |
|||
Active Inventory
Versus last year, the total number of homes available this month is higher by 188 units or 11%. The total number of active inventory this July was 1,891 compared to 1,703 in July 2024. This month's total of 1,891 is lower than the previous month's total supply of available inventory of 2,060, a decrease of 8%. |
|||
Median Sale Price
Last July, the median sale price for Prince George's County Homes was $450,000. This July, the median sale price was $449,450, which is similar compared to a year ago. The current median sold price is 2% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
|||
| | |||
| New Listings 897 |
Current Contracts 702 |
Sold Vs. List Price 100.2% |
Months of Supply 2.7 |
|
|
|
|
|
| Down -17% Vs. Year Ago |
Down -12% Vs. Year Ago |
No Change Vs. Year Ago |
Up 35% Vs. Year Ago |
| | |||
Months of Supply
In July, there was 2.7 months of supply available in Prince George's County, compared to 2.0 in July 2024. That is an increase of 35% 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 897 homes newly listed for sale in Prince George's County compared to 1,076 in July 2024, a decrease of 17%. There were 702 current contracts pending sale this July compared to 802 a year ago. The number of current contracts is 12% lower than last July. |
|||
Sale Price to List Price Ratio
In July, 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 30, higher than the average last year, which was 22, an increase of 36%. | |||
 |
|||
| *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. |
|||