Q1 2025 Market Update
Greater Annapolis
Anne Arundel County
the quarter in review
FIRST QUARTER
The opening quarter of 2025 set a tone of measured reset for Greater Annapolis. At a time when GDP slipped into contraction and consumer sentiment slowed, the market absorbed the shift with grace. Sales and volume softened, pricing eased slightly, and inventory began to edge upward—creating space for clarity. Yet, buyer confidence quietly endured, especially in the $1M–$3M range and among luxury segments, where fast-moving listings and strong LP-to-SP ratios told their own story. It was a transitional quarter—less momentum, more poise—captured here without fuss or fanfare.
Greater Annapolis
Snapshot
This snapshot reflects early-year residential activity across Greater Annapolis.
$825,953,329
TOTAL SALES VOLUME
1397
TOTAL TRANSACTIONS
2.3
eoy months of inventoRy
10
median days on market
$485,362
median sales price
100.0%
list to sales price ratio
luxury markets
Luxury buyers approached opportunities cautiously.
$1,733,150
AVERAGE PRICE IN
Q1
116
SALES IN
Q1
21
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 remained measured.
$1,843,777
AVERAGE PRICE IN
Q1
49
SALES IN
Q1
46
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 emphasized value alignment and timing.
Town Spotlights
Within the region, certain communities stood out during the quarter based on activity and buyer interest
Looking Ahead
Conditions will normalize with seasonal momentum.
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