Prince George's County real estate market shows strong buyer demand despite low inventory

During a recent government meeting in Prince George's County, officials discussed the current state of the local real estate market, highlighting both challenges and opportunities for residents. The meeting revealed a mixed picture of the housing landscape as the county navigates seasonal trends and inventory issues.

One of the key points raised was the decline in new listings compared to previous months and last year. While new pending sales showed a slight increase from January 2025, they remain significantly lower than the same period last year. This trend reflects a broader seasonal pattern, with expectations that activity will pick up as the market enters its peak season.

Closed sales have also seen an uptick from January, but year-over-year comparisons indicate a downward trend. The average days on the market for homes have remained relatively stable, with current figures showing homes are selling in about 35 days, consistent with previous months.

A critical concern discussed was the low inventory of homes available for sale. The month's supply of inventory has increased slightly, but at 1.58 months, it remains well below the ideal range of 4 to 6 months that realtors consider healthy for a balanced market. This shortage of available homes continues to put pressure on buyers, who are facing strong demand and limited options.

Despite these challenges, officials expressed optimism about the market's stability and resilience. Prince George's County is experiencing strong buyer demand, which is expected to support continued activity as the year progresses.

As the community looks ahead, the need for increased housing inventory remains a priority. Local leaders are hopeful that more listings will emerge, helping to alleviate some of the current pressures on the market and better serve the needs of residents seeking homes in the area.