Prince George’s
MARKET ACTION REPORT
County: Prince Georges
February 2016
Agent Name
Title
Phone
Website
Other
Community Information
Price Range: All | Properties: SFH - Condo
Days On Market for Sold Properties
Market Time
The average Days On Market (DOM) shows how many
days the average Property is on the market before it
sells. An upward trend in DOM tends to indicate a
move towards more of a Buyer's market, a downward
trend a move towards more of a Seller's market. The
DOM for February was 67, up 9.8% from 61 days last
month and down 16.3% from 80 days in February of
last year. The February 2016 DOM was at its lowest
level compared with February of 2015 and 2014.
100
90
80
70
60
50
40
30
20
10
0
Average Days on Market (Listing to Contract) for properties sold during the month
3 Mo Avg
80
67
67
M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F
13
14
15
16
Selling Price per Square Foot
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for
the direction of Property values. Since Median Sales
Price and Average Sales price can be impacted by the
'mix' of high or low end Properties in the market, the
selling price per square foot is a more normalized
indicator on the direction of Prop