Prince Georges County Real Estate Market Report 2021
The greater Prince Georges County Market is still experiencing reduced inventory, and a high demand for housing. As such, prices are still rising, however we are noticing a bit of a cooling in the market. The September numbers are showing this trend and it would be interesting to see what happens in November.
We are noticing that more and more home prices are being reduced. This is only because some sellers were pricing above and beyond where the market was, resulting in them needing to adjust their price in order to sell.
If you are a buyer and wish to enter this market, prepare to be motivated but flexible, patient but willing to move quickly.
Prices in Prince Georges County’s housing market are still escalating, and multiple offers are very likely, the only difference now is, there may be 2-3 offers as opposed to 15+. So what about new construction? Many are going up but builders are typically 6 months to 1 year out of selling completed homes.