Presentation by the Prince George's County Association of Realtors at the Annual Press Conference - held at the National Press Club in Washington DC on December 15, 2009.
7. Foreclosures Housing and Economic Recovery Act of 2008 * $11 Million to Prince George’s County * Neighborhood Stabilization Program (NSP) * 75% used for down payment and closing assistance * Acquire and rehab select grossly blighted properties * Counseling Services to the home buying public * “Down Payment on Your Dream “ * Launched on July 19 th , 2009 * 167 loans have been closed * 139 applications currently being processed * $6 Million still available * Program ends in September 2010
13. Market Statistics Summary October 2008 October 2009 % Change Average Sold Price Single-Family $313,071 $241,607 -23% Median Sold Price Single-Family $295,000 $229,000 -19.0% Average Sold Price Condos $191,637 $148,418 -19.0% Median Sold Price Condos $193,000 $155,000 -23.1% Total Units Sold (Condos & Single-Family) 408 709 +65.1% Days on Market (Condos & Single-Family) 136 122 -03%
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16. For more information or assistance, please visit www.PGCAR.com It’s a Great Time to Buy! or contact us at any time