Upper Marlboro Real Estate Market Report - Prince George`s, Maryland
Upper Marlboro, Maryland - Prince George`s
| Market Commentary Provided by Jaye Jordan 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. |
| Report Date | Fall 2009 |
CONNECT WITH A LOCAL PROFESSIONAL 
 |
|||
| Nearest Metro Area | Washington DC | ||||
| Buyers’ or Sellers’ Market | More buyers than sellers | ||||
| Average Time on Market | 90-120 days | ||||
| Market Trend | Increasing | ||||
| Housing Inventory | Good supply - Some Prices | ||||
| Average Home Price | $325,000 - View Graph Trend | ||||
| Best Selling Price Range | $300,000 - $349,000 | ||||
| Worst Selling Price Range | $550,000 - $599,000 | ||||
| Compared to Last Year | Up 0-5% | ||||
| Prices As % of Asking Price | 90-95% | ||||
| Multiple Offers? | Yes | ||||
| Multiple Offers Commentary | Sellers in the lower than average price range are sometimes getting multiple offers. | ||||
| Greatest Activity | Repeat Buyers | ||||
| 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 | ||||
| Is Financing Available For Qualified Buyers in Upper Marlboro? | 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. | ||||
| Existing Home Prices for the past 90 days are | No Change | ||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 20-25% | ||||
| Housing Hot Spots | Most cities within the Prince George's County area are considered 'Housing Hotspots' | ||||
| Reason to Buy/Sell | Job Growth | ||||
| Average Sold Price | $325,000 - View Graph Trend | ||||
| National Real Estate Market | |||||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... |
|||||
(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
Maryland Homes for Sale |
Maryland Real Estate News | Homes for Sale |
Real Estate Market News | Hot Markets
“Your #1 resource for finding Homes for Sale, How Much My Home is Worth, Community Information and Real Estate Agents!”
© Copyright 1995-2009 HouseHunt Inc - All Rights Reserved