Q2 2023 MARKET UPDATE
Eastern Shore
Queen Anne's County | Kent County | Talbot County
the quarter in review
SECOND QUARTER
Q2 2023 marked an active spring period on the Eastern Shore, with buyer interest supported by improved seasonality and lifestyle considerations. Engagement increased across select communities, particularly for properties offering strong location and outdoor appeal. The quarter reflected renewed participation following the winter months.
Eastern Shore
Snapshot
This snapshot reflects spring-quarter conditions on the Eastern Shore.
$277,645,375
TOTAL SALES VOLUME
484
TOTAL TRANSACTIONS
2.4
eoy months of inventoRy
9
median days on market
$457,944
median sales price
92.3%
list to sales price ratio
luxury markets
Luxury engagement improved selectively.
$1,988,053
AVERAGE PRICE IN
Q2
37
SALES IN
Q2
14
AVERAGE DOM IN
Q2
Luxury homes are defined as properties priced above $1M.
Figures reflect QTD closed sales from the most recent quarterly reporting period.
waterfront markets
Waterfront interest strengthened seasonally.
$1,260,495
AVERAGE PRICE IN
Q2
74
SALES IN
Q2
12
AVERAGE DOM IN
Q2
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 acted with timing in mind.
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 would remain seasonal.
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