Q1 2024 MARKET UPDATE
Eastern Shore
Queen Anne's County | Kent County | Talbot County
the quarter in review
FIRST QUARTER
The first quarter on the Eastern Shore quietly reset expectations. While economic indicators remained solid—GDP rose, confidence held—local real estate saw softer activity, especially in entry-level segments. Inventory climbed meaningfully, giving buyers more space to explore. Notably, the waterfront market stayed resilient, with pricing holding strong even as pace slowed. This wasn’t a downturn—it was a thoughtful pause in a market redefining its rhythm. This report captures that moment with clarity and calm.
Eastern Shore
Snapshot
This snapshot reflects first-quarter conditions on the Eastern Shore.
$196,123,994
TOTAL SALES VOLUME
326
TOTAL TRANSACTIONS
3.8
eoy months of inventoRy
17
median days on market
$449,000
median sales price
89.5%
list to sales price ratio
luxury markets
Luxury buyers remained patient.
$2,160,826
AVERAGE PRICE IN
Q1
28
SALES IN
Q1
20
AVERAGE DOM IN
Q1
Luxury homes are defined as properties priced above $1M.
Figures reflect QTD closed sales from the most recent quarterly reporting period.
waterfront markets
Waterfront engagement followed winter patterns.
$1,648,881
AVERAGE PRICE IN
Q1
43
SALES IN
Q1
17
AVERAGE DOM IN
Q1
Waterfront homes are defined as properties with direct water access from the property.
Figures reflect QTD closed sales from the most recent quarterly reporting period.
Top Sales
THIS QUARTER
Buyer Behavior
A closer look at how buyers are navigating today’s market
Buyers focused on long-term planning.
Chestertown
Chestertown blends historic charm with a relaxed pace of life, attracting residents drawn to community, heritage, and a quieter Eastern Shore setting.
Easton
Easton offers a refined small-town lifestyle with a vibrant arts scene, dining, and everyday convenience, appealing to buyers seeking charm without isolation.
Oxford
Oxford delivers a quiet, traditional waterfront lifestyle centered on boating, privacy, and historic architecture, appealing to buyers seeking understated coastal living.
Town Spotlights
Within the region, certain communities stood out during the quarter based on activity and buyer interest
Looking Ahead
Activity will depend on spring re-entry.
More Than Real Estate.
It’s How You Live Here.
Buying or selling a home is just the start.
What matters is understanding the place around it — the market, the lifestyle, the culture, the communities, and the forces shaping what comes next. That’s what we do.
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2077 Somerville Rd
suite 200
Annapolis, MD 21401