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Friday, October 31, 2008 - Prince George's Sellers - Wonder Why Your House Isn't Selling?

Chris Sicks (Washington Times) in this week's Charting the Market says the following:

 

Median sales prices were up in the District last month, while prices were down in Prince George's and Montgomery.

 

A primary reason for this difference in prices is the inventory situation. Compared to 2004, the inventory in the District is up 146 percent. In Montgomery, however, inventory is up 156 percent, and Prince George's inventory is up 402 percent. (Emphasis is mine)

 

It's worth reading the whole article. Be sure to take a good look at the chart -- the chances of a house selling in Prince George's County in 2004 was 96%. This year it's 8%.

 

(C) Susan Pruden.

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Informal observations about Prince George's County Real Estate and happenings around our local area. I'm Susan Pruden, in Cheverly Maryland and I welcome your comments and participation.

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