Upper Marlboro, MD, 20772, Prince George's County Maryland

Market Area: Prince George’s County, MD 20772

Time Frame: last 60 days

General Market Conditions:

Current Market Conditions: slow

Employment Conditions: Declining

There is an oversupply of active listings.

Number of units on the market for sale: 366

Number of Units in pre-foreclosure stage NOT listed in MRIS: 100

Number of Units in pre-foreclosure (Short Sale) Stage Listed in MRIS: 85

Number of Units that are REO or Corporate Owned: 35

Marketing Activity:

Range of Values is: $110,000 to $875,000

Normal marketing time is: 75 days

Resale Comments: My Independent MRIS research shows that there are currently 366 homes on the market in the 20772 zip code. Most of these homes are overpriced or are in less than ideal condition that do not attract buyers and just sit on the market. The average days on the market for these active properties are 75 days. These buyers have found and are expecting and getting a great value- a good home at a good price and with all the competition for their attention, they have a lot of choices. The market is very competitive. These buyers are really picky. Buyers have a sense of what’s fair market value and what’s not and they just won’t show up if sellers are not in the ballpark. It is very important that sellers price their home correctly and competitively. Buyers are looking for value pricing and if sellers don’t meet these expectations, they’ll be overpriced and overlooked.