Prince George’s County Market Update (April 2012)

As the spring market continues to unwind PG County is continuing to see positive signs in terms of the housing market.  April #’s continue to show signs that market stabilization may be near.  The big unkown is the so called “shadow inventory” of foreclosures and how this will affect the supply of foreclosures.

Statistic                             Values                       YoY                  Mom

Total Sold Volume   $119,388,349           -.12%                +5.33%

Closed Sales                        649                        -7.55%             -.61%

Median Sold Price        $168,000              +7.35%            +6.33 %

Avg. Sold Price              $183,957               +8.04%           +5.98%

Avg. DOM                           112 days               +4.67%           +8.74%

Avg Sold to List Ratio    91.45%                 +3.64%            +.88%