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Realtors present county housing data to Prince George’s senior task force; members ask for 90‑day mortgage‑late figures

2927805 · April 9, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Representatives of the Prince George's County Association of Realtors gave an informational briefing to the Holistic and Sustainable Solutions for Senior Citizens Task Force on April 9, 2025, summarizing February 2025 housing‑market data for Prince George's County and discussing implications for senior housing.

Representatives of the Prince George's County Association of Realtors gave an informational briefing to the Holistic and Sustainable Solutions for Senior Citizens Task Force on April 9, 2025, summarizing February 2025 housing‑market data for Prince George's County and discussing implications for senior housing.

Why it matters: Task force members said the housing data and trends affect seniors' ability to downsize, stay in place, or preserve home equity. Members asked the Realtors to provide additional mortgage‑delinquency data to help the county anticipate foreclosures and their potential effect on home values and tax revenue.

Arnita Green, president of the Prince George's County Association of Realtors (PGCAR), and Stephanie Ireland, the association's county representative, gave the briefing. Green said PGCAR represents about 3,200 real estate professionals in the county. Ireland presented month‑ and year‑over‑year market metrics and financing breakdowns.

Ireland said February 2025 figures showed a county average sold price of $455,993 (a 4.4% increase year over year) and a median sold price of $450,000 (a 5.9% year‑over‑year increase). She told the task force there were 629 pending sales and 513 closed sales in February, and…

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