Q3 2023 MARKET UPDATE
Greater Annapolis
Anne Arundel County
the quarter in review
THIRD QUARTER
Q3 2023 in Greater Annapolis saw continued buyer interest, though activity became more selective as summer progressed. Homes that aligned closely with pricing and lifestyle expectations continued to attract attention, while others required greater patience. The quarter marked a transition from peak season intensity toward a more balanced pace.
Greater Annapolis
Snapshot
This snapshot captures third-quarter activity across Greater Annapolis.
$1,135,769,932
TOTAL SALES VOLUME
1977
TOTAL TRANSACTIONS
1.4
eoy months of inventoRy
6
median days on market
$475,000
median sales price
100.2%
list to sales price ratio
luxury markets
Luxury homes transacted selectively.
$1,748,020
AVERAGE PRICE IN
Q3
128
SALES IN
Q3
7
AVERAGE DOM IN
Q3
Luxury homes are defined as properties priced above $1M.
Figures reflect QTD closed sales from the most recent quarterly reporting period.
waterfront markets
Waterfront properties followed extended timelines.
$1,542,965
AVERAGE PRICE IN
Q3
85
SALES IN
Q3
10
AVERAGE DOM IN
Q3
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
Buyer behavior reflected thoughtful engagement.
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
Activity would remain measured.
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