08/19/2026
MARYLAND HOME SALES UPDATE
🔺 Houses are going under contract within about 14 days. This is 1 day slower than a year ago at this same time.
🔻 New listings continue to be down over this same time last year with 7,045 new listings vs 8,648 in last year. This is a significant drop of 20% and is in line with the decline has been consistent for 16 years going back to 2010.
🔺 The median sales price was $455,000, an increase of 2.2% over last year. The average sales price increased to $552,741, an increase of 3.9% over last year at this time.
🔻 Active listings went down to 16,881 vs 19,379 the same time last year
🔺 Pending listings are up 5.06% (6,218 this year compared to last year with 5,911.)
🔻Months of Inventory remains slightly lower at 3.0 this year compared to 3.4 last year. Meaning there is about three months of inventory available to purchase in the state of Maryland as of last month.
Bottom Line:
What’s Happening in Maryland Real Estate
Maryland’s real estate market remains active, with buyer demand continuing to support home prices despite fewer homes coming onto the market. Homes are taking a little longer to go under contract than they did this time last year, but pending sales are up, showing that buyers are still moving forward when they find the right property.
Inventory remains limited, with both new and active listings below last year’s levels. This continues to give buyers fewer choices, while the median and average sales prices have continued to increase.
Overall, the market remains competitive, but today’s buyers have a little more time to consider their options than they did a year ago. Sellers can still benefit from limited competition, while buyers who are prepared can take advantage of opportunities as they become available.
What this means for sellers:
Limited inventory continues to work in sellers’ favor, with fewer homes competing for buyers’ attention. However, homes are taking slightly longer to go under contract, making accurate pricing and strong presentation especially important.
Sellers who price appropriately and present their homes well are still in a strong position to attract serious buyers and benefit from continued appreciation in home values.
What this means for buyers:
Buyers continue to face limited inventory, but the slightly slower pace of the market gives them a little more time to evaluate their options. With home prices still increasing, preparation remains important for buyers who want to be ready when the right property comes along.
👉 Get pre-approved before you begin your search so you're ready to make a competitive offer.
👉 Know your budget and prioritize your must-haves while staying flexible on less important features.
👉 Work with an experienced Realtor who can help you navigate the market and move quickly when opportunities arise
If you're thinking about buying or selling, we'd love to help. Call 443-489-5225 or reply to this email to discuss your real estate goals.
