Q2 2024 MARKET UPDATE
Greater Annapolis
Anne Arundel County
the quarter in review
SECOND QUARTER
The second quarter of 2024 was a sprint for Greater Annapolis. Sales skyrocketed, volume surged, and homes moved at record speed. With inventory thinning and buyers acting decisively, pricing advanced across key segments while luxury and waterfront listings stole the spotlight. What defined this quarter wasn’t just demand—it was conviction. Buyers knew what they wanted, and sellers who were prepared saw results faster than ever. This report captures that moment of acceleration, when confidence and clarity converged.
Greater Annapolis
Snapshot
This snapshot reflects spring-quarter market activity across Greater Annapolis.
$1,282,227,936
TOTAL SALES VOLUME
2104
TOTAL TRANSACTIONS
1.3
eoy months of inventoRy
6
median days on market
$499,550
median sales price
100.5%
list to sales price ratio
luxury markets
Luxury engagement improved for standout properties.
$1,748,471
AVERAGE PRICE IN
Q2
166
SALES IN
Q2
6
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 rose alongside spring demand.
$1,786,976
AVERAGE PRICE IN
Q2
91
SALES IN
Q2
11
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 thoughtfully as inventory expanded.
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 will reflect seasonal normalization.
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