Prince George’s County is considering changes to its “municipal tax differentials” – the County property tax credit we as Laurel residents receive since we rely instead on our City for certain services (like police, trash pickup, & others).

Bottom line: They’re eliminating one credit, adding another, with a negligible net difference to Laurelites – so okay on that front.

But something I found interesting woven inside the report: Charts showing real estate trends for Prince George’s County. Sharing here, with my notes added:

NOTE 1: The median sales price for existing homes increased from $252k to $448k between 2016 to 2025 – a 78% increase overall, and equivalent to a 6% increase per year.

NOTE 2: Thus far in 2025, there’s been an average of 615 homes sold in PG County per month, down from the 695 per month last year, and down from the pre-COVID average in the 800s.

Auto-generated description: A bar graph titled Average Monthly Home Sales Volume for the years 2016-2025 is shown, with explanatory notes about mortgage interest rates and sales volumes at the bottom.

NOTE 3: As of Jun 2025, homes averaged around 27 days on the market, up from the hot market during COVID when it was as low as 12 days.

Auto-generated description: A line graph depicts the average days on the market for existing homes from July 2021 to June 2025, showing fluctuations with a notable peak at 29 days.

NOTE 4: PG County’s real estate tax base has been growing by double-digits for 11 years in a row, even as much as 24% in recent years. This points out the critical importance to home owners of the Homestead Credit to cap your annual increase even if your property value goes up more.

Auto-generated description: A line graph shows the percent change in group reassessments before annual phase-in from 2017 to 2026, categorized by residential, commercial, and agricultural sectors, with accompanying text about property base growth and tax limits.

Hope you find the above interesting as well!