Prince George’s County Housing Inventory Declining!
The inventory trend of existing fee simple homes in Prince George’s County is declining.
This translates to a 4.8 month inventory supply of homes. The market is gradually normalizing. Tighter inventories always lead to future price increases as demand begins to outpace supply. Historically, a balanced market is a 6 month supply of homes. Anything greater than 6 months is a Buyer’s market. Anything less, is a Seller’s market.
