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| JULY 2024 | |||
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| Units Sold 799 |
Active Inventory 1,348 |
Median Sale Price $449,900 |
Days On Market 21 |
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| Up 8% Vs. Year Ago |
Down -6% Vs. Year Ago |
Up 3% Vs. Year Ago |
No Change Vs. Year Ago |
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Units Sold
There was an increase in total units sold in July, with 799 sold this month in Prince George's County Real Estate versus 771 last month, an increase of 4%. This month's total units sold was higher than at this time last year, an increase of 8% versus July 2023. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 81 units or 6%. The total number of active inventory this July was 1,348 compared to 1,429 in July 2023. This month's total of 1,348 is lower than the previous month's total supply of available inventory of 1,491, a decrease of 10%. |
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Median Sale Price
Last July, the median sale price for Prince George's County Homes was $435,000. This July, the median sale price was approximately the same at $449,900. The current median sold price is 3% higher than in July 2023. 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 961 |
Current Contracts 856 |
Sold Vs. List Price 100.7% |
Months of Supply 1.7 |
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| Down -3% Vs. Year Ago |
Up 21% Vs. Year Ago |
No Change Vs. Year Ago |
Down -12% Vs. Year Ago |
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Months of Supply
In July, there was 1.7 months of supply available in Prince George's County, compared to 1.9 in July 2023. That is a decrease of 13% 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 961 homes newly listed for sale in Prince George's County compared to 990 in July 2023, a decrease of 3%. There were 856 current contracts pending sale this July compared to 707 a year ago. The number of current contracts is 21% higher than last July. |
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Sale Price to List Price Ratio
In July, the average sale price in Prince George's County was 100.7% 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 21, which is similar compared to a year ago. | |||
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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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