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

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 active listings rose to about 1,164, a roughly 32% increase from February 2024.

On inventory and market balance, Ireland said the contract ratio was 0.94 pending contracts per active listing and that months' supply sat at about 1.58 months. She noted average days on market remained near the mid‑30s (about 35 days). "A balanced and resilient market is what we are characterizing our current market with," Ireland said.

Members repeatedly framed the presentation around senior affordability and options. Task force member Jacqueline Grissett asked whether the report controlled for property type; Ireland said the presentation included breakdowns by detached, attached (townhouse), and condominium units and that much activity was concentrated in three‑ and four‑bedroom detached units and in condos.

Several members asked for mortgage‑delinquency data. Chairman Harrison said county officials should know the number of mortgages 90 days past due as an early indicator of potential foreclosures and a driver of future inventory and price pressure. "If the 90‑day lates are higher, then we have a problem," Harrison said. Task force members asked PGCAR to provide that data for a future meeting.

Discussion also focused on senior housing design and affordability. Realtors and task force members discussed single‑level living, villa‑style and 55+ communities, and "15‑minute" community concepts that colocate groceries, health care and other services. Linda Allen, director of the Office of Finance, and other members described financial pressures on seniors, including property tax increases tied to periodic reassessments, and asked about options such as reverse mortgages, downsizing into new 55+ developments, or modifying homes so seniors can remain in place.

PGCAR representatives and task force members exchanged examples: Ireland said many developers now offer single‑level floor plans with first‑floor primary bedrooms; Green said older communities such as the county's Marwood and Cameron Grove provide models that work for some seniors. Members noted new 55+ developments in the county often start at price points (discussed in the meeting as roughly $400,000 to $600,000 or higher) that many seniors find unaffordable.

The presentation was informational; there was no formal action on housing policy. The task force recorded several administrative items: approval of the March 12, 2025 minutes, the forwarding of CR‑18‑2025 (a resolution to extend the task force timeline and add members) to members, and the decision to reschedule the Office of Finance presentation to the next meeting so Linda Allen could present with adequate time. Chairman Harrison asked that PGCAR provide the requested 90‑day delinquency data before the next meeting.

Votes at a glance: - Approval of minutes (03/12/2025): approved (voice approval recorded after a second). Motion text: "Approve minutes of 03/12/2025." Mover/second not specified on the record. - Adjournment: motion moved and seconded; the meeting was adjourned. Mover and seconder not identified by name on the transcript.

Task force next steps and context: Members asked PGCAR to supply additional mortgage‑delinquency statistics and any other county‑level information the Realtors can share. The task force also discussed housing types and location patterns (for example, town activity centers and mixed housing near services) as part of planning recommendations for seniors. The task force will reconvene May 14, 2025, at 10 a.m.

Presentation materials: PGCAR told members the slides would be shared; members said they received copies during the meeting and the association offered to provide further breakdowns (for example, the 90‑day late metric and controlled analyses by financing type).