Prince George’s County gains ground despite foreclosures

Published January 14, 2013 5:00am ET



In a region that otherwise withstood the housing crisis, Prince George’s County was the hardest hit. But the county’s housing market is now improving, mirroring the experiences of its neighbors.

While the county retains the ignominious distinction of leading Maryland in foreclosures, other housing factors are looking up. The median sales price jumped more than 6 percent last year, from $160,000 in 2011 to $170,000 in 2012, according to RealEstate Business Intelligence. Houses spent an average of 88 days on the market in 2012, down from 102 the year before.

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