Homeownership

Prince George’s Home Sales Set New Record in July, Says Realtors

Prince George’s County’s home sales hit a record-high median sold price in July for the fifth consecutive month, according to the Prince George’s County Association of Realtors.

The July median sold price of $389,550 was a 0.9% increase over the previous month’s record and a 14.1% increase from July 2020, the association said.

Additionally, last month’s average days on market (DOM) dipped to 12 days, beating April’s all-time record low and marking a 55.6% decrease from July 2020, according to the association.

Total sales volume was $409,966,228, increasing 38.8% over July 2020 and just 9% below last month’s all-time high. July saw 1,043 closed sales at a $401,006 average sold price increasing 9.9% and 12.8%, respectively, from July 2020.

The continuing high demand amid tight inventory levels continues to propel more homes sold at higher prices and record-low DOM, according to the association, which said the sales spike is especially impressive given that the inventory of listed homes for sale remained at a 0.8-month supply through July.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *


By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Back to top button

My News Matters to me - Washington Informer Donations

Be a Part of The Washington Informer Legacy

A donation of your choice empowers our journalists to continue the work to better inform, educate and empower you through technology and resources that you use.

Click Here Today to Support Black Press and be a part of the Legacy!

Subscribe today for free and be the first to have news and information delivered directly to your inbox.

Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Adblock Detected

Please consider supporting us by disabling your ad blocker