04/23/2026
Housing Report from MARYLAND REALTORS
More Buyers, Fewer Homes:
Maryland Market Tightens in March
Demand is there, but lack of listings and policy inaction limit sales activity.
ANNAPOLIS, MD — April 13, 2026 —Home sales in Maryland fell 4.4 percent to 4,874 units in March compared to a year ago, even as prices continued to rise. The average sales price increased 4.9 percent to $513,997, while the median price rose 1.6 percent to $430,000.
Pending sales (homes under contract but not yet closed) rose 8.7 percent, signaling renewed buyer activity heading into the spring market. However, this demand is running headfirst into a shrinking supply of homes. Active inventory declined 21.7 percent, and new listings dropped 24.6 percent compared to last year.
National housing data shows that while inventory remains below pre-pandemic norms, it is gradually improving, with active listings up roughly 8–10 percent year-over-year, according to Realtor.com and other industry sources. In contrast, Maryland’s inventory continues to decline, indicating the state is more supply-constrained than the broader U.S. market.
“Buyers are clearly coming back into the market, but the supply simply isn’t there,” said Denise Lewis, 2026 President of Maryland REALTORS®. “Pending sales are up, but without more homes to buy, that demand can’t fully translate into closed sales.”
Lewis said the ongoing shortage of listings continues to put upward pressure on prices and limit opportunities for buyers.
“This is a supply problem, plain and simple,” Lewis said. “Until we see more homeowners listing and more homes being built, affordability will remain a challenge and sales will remain constrained.”
