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| MAY 2025 | |||
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| Units Sold 688 |
Active Inventory 1,677 |
Median Sale Price $455,000 |
Days On Market 30 |
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| Down -17% Vs. Year Ago |
Up 5% Vs. Year Ago |
Up 4% Vs. Year Ago |
Up 30% Vs. Year Ago |
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Units Sold
The number of units sold remained stable in May, with 688 sold this month in Prince George's County Real Estate. This month's total units sold was lower than at this time last year, a decrease of 11% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 84 units or 5%. The total number of active inventory this May was 1,677 compared to 1,593 in May 2024. This month's total of 1,677 is lower than the previous month's total supply of available inventory of 1,844, a decrease of 9%. |
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Median Sale Price
Last May, the median sale price for Prince George's County Homes was $438,538. This May, the median sale price was approximately the same at $455,000. The current median sold price is 4% higher than in May 2024. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 984 |
Current Contracts 840 |
Sold Vs. List Price 100.1% |
Months of Supply 2.4 |
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| Down -11% Vs. Year Ago |
Up 9% Vs. Year Ago |
Down -0.8% Vs. Year Ago |
Up 28% Vs. Year Ago |
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Months of Supply
In May, there was 2.4 months of supply available in Prince George's County, compared to 1.9 in May 2024. That is an increase of 27% 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. |
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New Listings & Current Contracts
This month there were 984 homes newly listed for sale in Prince George's County compared to 1,109 in May 2024, a decrease of 11%. There were 840 current contracts pending sale this May compared to 772 a year ago. The number of current contracts is 9% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Prince George's County was 100.1% of the average list price, which is 0.8% lower than at this time last year. Days on Market
This month, the average number of days on market was 30, higher than the average last year, which was 23, an increase of 30%. | |||
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| *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. |
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