1. President, Prince George’s County Association of REALTORS®
Joanne Darling, CBR
President, Prince George’s County Association of REALTORS®

2. ANNUAL REVIEW 2010 (year to date) 90.2%
Total Dollar Volume: $1.44 billion
Units Sold: 6,465
% list/sold price ratio
Total Dollar Volume: $1.62 billion
Units Sold: 7,028
% list/sold price ratio
Total Dollar Volume: $1.43 billion
Units Sold: 4,916
% list/sold price ratio
Total Dollar Volume: $2.52 billion
Units Sold: 7,568
% list/sold price ratio
Total Dollar Volume: $4.48 billion
Units Sold: ,116

3. Average Days on Market (Single-Family & Condos/Co-ops)

4. Listing Inventory (Single-Family)

5. Listing Inventory (Condos/Co-ops)

6. Absorption Rate (Single-Family)
Absorption Rate is Percentage of New Contracts Versus Inventory

7. Absorption Rate (Condos/Co-ops)
Absorption Rate is Percentage of New Contracts Versus Inventory

8. Average Single-Family Home Prices
November 2010 Comparison DC: $564,691 MC: $468,000 PG: $197,880

9. Median Single-Family Home Prices
November 2010 Comparison
DC: $427,750 MC: $362,000 PG: $196,000

10. Average Condo/Co-op Prices

11. Market Statistics Summary
November 2010
November 2009
% Change
Average Sold Price Single-Family
$210,875
$239,861
-12.1%
Median Sold Price Single-Family
$196,000
$229,000
-14.5%
Average Sold Price Condos
$109,997
$147,024
-25.2%
Median Sold Price Condos
$104,950
$155,000
-32.3%
Total Units Sold
(Condos & Single-Family)
654
473
+138%
Days on Market (Condos & Single-Family) 85
133
-37%

12. Market Conditions Summary
Prices are the lowest in 5 years
Homes are staying on the market for a shorter time
As a result, buyers have more buying power
We are seeing some multiple offers
Appreciation rates are slowly inching upward
Interest rates are still at historic lows
Real estate remains one of the best investments
There are still some buyer incentives in our county
Prices in Prince George’s County are the lowest in the District of Columbia region making Prince George’s County the best value in the area.

13. Forecast Indications are that 2011 should be a stronger year
Prince George’s County is and will remain the most
affordable in metro area
MEDIAN PRICES (Single-Family & Condos) October 2010 October 2009
DC: $407,000 $380,000
Montgomery County: $355,000 $330,000
Prince George’s County: $190,000 $210,000
Source: MRIS

14. It’s a Great Time to Buy! www.PGCAR.com
For more information or assistance, please visit
or contact us at any time