Prince George Heating Up

Dated: 01/12/2020

Views: 75

Prince George's County is experiencing low inventory month over month.
See below;

Click here:
https://bit.ly/30cPj1P
Months of Supply In November, there was 2.1 months of supply available in Prince George's County, compared to 3.1 in November 2018. That is a decrease of 33% versus a year ago. 
Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. 



Date Months
Nov-17 2.9
Dec-17 2.6
Jan-18 3.1
Feb-18 3
Mar-18 2.6
Apr-18 2.7
May-18 2.4
Jun-18 2.4
Jul-18 2.6
Aug-18 2.7
Sep-18 3.3
Oct-18 2.8
Nov-18 3.2
Dec-18 3.4
Jan-19 4
Feb-19 3.7
Mar-19 3
Apr-19 2.7
May-19 2.3
Jun-19 2.6
Jul-19 2.4
Aug-19 2.5
Sep-19 2.5
Oct-19 2.3
Nov-19 2.1

New Listings & Current Contracts This month there were 937 homes newly listed for sale in Prince George's County compared to 1,139 in November 2018, a decrease of 18%. There were 968 current contracts pending sale this November compared to 850 a year ago. The number of current contracts is 14% higher than last November.

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DJ Jenkins

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