Prince George's Housing Market Rebounding

Prince George's County was one of the hardest hit markets.

Prince George's County housing prices had the best year-over-year increase in the Washington metro region, accoring to a Washington Business Journal story.

Prince George's County still has the lowest housing sales prices in the region, but the median sales price was up 20 percent from last year at this time to $180,000.

Ken Montville November 14, 2012 at 12:44 PM
Prince George's is always the last part of the Washington Metro area to see serious recovery. It was the same in the "bubble years". The surrounding Counties and Northern Virginia enjoyed the skyrocketing housing prices before Prince George's. Of course, Prince George's has been the hardest hit with short sales and foreclosures which will depress home prices until they get flushed through the system and the "normal" home sale (home owners with equity in their home) returns in full force.


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