After nine months of steady growth, Prince George’s County home sales cooled in July, reflecting both the usual summer slowdown and buyers waiting for further mortgage rate relief.
The Prince George’s County Association of REALTORS® (PGCAR) reports a 5.1% month-over-month drop in sales, with total sales volume down 7.3% to $315 million, despite ongoing national economic uncertainty, rising inventory and strong demand continue to sustain the local market and home values. Furthermore, mortgage rates averaged 6.67% in July, just 0.1% above July 2024.
Compared with June 2025, the Median Sold Price slipped 1.2% to $447,887, and the Average Sold Price declined 2.9% to $457,378. However, the Average Price per Square Foot held steady at $252, showing that Prince George’s County home values remain consistent when adjusting for home size.
“Prince George’s County continues to offer exceptional opportunities. While the number of sellers entering the market eased 5.7% during July, overall availability of “for sale” homes has slowly improved through 2025,” said Arnita Greene, PGCAR president and REALTOR® with Capital Structures Real Estate. “With mortgage rates stabilizing and value holding, buyers now have more options, while sellers continue to enjoy strong equity gains and an average 98.8% of Original Listing Price in contract value.”
Greene noted that despite the tough housing market and for some, employment outlook, homeownership is still a solid investment.
“Homeownership is one of the smartest financial and lifestyle decisions you can make,” Greene added. “Whether you’re buying, selling, or investing, now is the time to act. From fast sales and strong returns for sellers to expanding inventory and financial tools for buyers, Prince George’s County remains one of the top-performing markets in the greater Maryland – Washington, D.C. – Northern Virginia region and across the nation. Connect with a REALTOR to be your expert in today’s market. Let a REALTOR®’s expertise guide you towards, advise, manage, and close on a successful purchase or sale!”