Home Values Tumble in Prince George's Co. - NBC4 Washington

Home Values Tumble in Prince George's Co.

36.5 percent drop in 2011 worst in Maryland



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    Like most states, the housing market in Maryland continues to struggle.

    Property values across Maryland plunged last year with the biggest declines in Prince George's County.

    The county suffered a 36.5 percent drop in home values last year, the Washington Examiner reported. That's the worst drop in the county in the past five years.

    By comparison, the state average for declines was 17 percent.

    One state official told the Examiner the drop in Prince George's “is not surprising because 80 percent of home sales there last year were either foreclosures or short sales.”

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