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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Upper Marlboro. Low rates with reasonable home prices makes a home purchase a great value! Call now for more information at 202-438-8748 or 240-417-5536.
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| Average Home Price | $325,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $300,000 - $349,000 |
| Worst Selling Price Range | $550,000 - $599,000 |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Upper Marlboro is | Increasing |
| Seller Activity for the past 90 days in Upper Marlboro is? | No Change |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Sellers in the lower than average price range are sometimes getting multiple offers. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 20-25% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Prince George's County just launched the Neighborhood Stablizaton Program which gives down payment assistance to help buyers purchase foreclosed homes. There are also other down payment assistance programs available. |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Job Growth |
| Nearest Metro Area | Washington DC |
| Housing Hot Spots | Most cities within the Prince George's County area are considered 'Housing Hotspots' |
| Average Sold Price | $325,000 - View Graph Trend |
Upper Marlboro Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
Contact Information
Jaye Jordan
202-438-8748
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.61%
15 yr. jumbo rate: 3.97%
Home Values
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Request More Information Let me answer your questions! Ask Me!
Jaye Jordan
RE/MAX Allegiance
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 202-438-8748
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