Q2 2023 MARKET UPDATE
Greater Annapolis
Anne Arundel County
the quarter in review
SECOND QUARTER
Greater Annapolis saw increased market activity in Q2 2023 as spring conditions supported broader buyer engagement. Homes aligned with pricing expectations and lifestyle preferences attracted attention, while overall participation reflected renewed seasonal momentum. The quarter reinforced the region’s responsiveness to spring demand.
Greater Annapolis
Snapshot
This snapshot captures spring-season activity across Greater Annapolis.
$1,185,711,276
TOTAL SALES VOLUME
2037
TOTAL TRANSACTIONS
1.2
eoy months of inventoRy
6
median days on market
$481,863
median sales price
100.7%
list to sales price ratio
luxury markets
Luxury buyers re-engaged cautiously.
$1,679,089
AVERAGE PRICE IN
Q2
139
SALES IN
Q2
5
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 followed spring patterns.
$1,582,147
AVERAGE PRICE IN
Q2
82
SALES IN
Q2
6
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 emphasized fit and value.
Annapolis
Annapolis delivers a distinctive blend of historic charm, maritime culture, and walkable urban living, attracting residents drawn to water access, dining, and cultural vibrancy.
Arnold
Arnold supports an active, community-focused lifestyle shaped by nearby waterways, parks, and trails, paired with everyday convenience close to downtown Annapolis.
Davidsonville
Davidsonville appeals to buyers seeking space, privacy, and a semi-rural setting, balancing estate-style living with convenient access to Annapolis and regional centers.
Town Spotlights
Within the region, certain communities stood out during the quarter based on activity and buyer interest
Looking Ahead
Market direction would normalize seasonally.
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