Q1 2025 Market Update
Greater Baltimore
Baltimore City | Baltimore County | Howard County
the quarter in review
FIRST QUARTER
The first quarter of 2025 opened on a slower, more deliberate note. Closed sales and volume softened, homes lingered longer, and buyers acted with greater patience. Yet prices held their ground, and inventory provided more choice without overwhelming supply. The shift marked a season of recalibration rather than retreat — a pause that gave participants room to breathe. Greater Baltimore entered the year not with volatility, but with balance, setting the stage for selective but confident engagement.
Greater Baltimore
Snapshot
This snapshot reflects early-year market activity across Greater Baltimore.
$1,467,610,229
TOTAL SALES VOLUME
3977
TOTAL TRANSACTIONS
2.9
eoy months of inventoRy
19
median days on market
$311,333
median sales price
100.0%
list to sales price ratio
luxury markets
Luxury buyers re-entered cautiously.
$1,542,394
AVERAGE PRICE IN
Q1
113
SALES IN
Q1
11
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 limited early in the year.
$600,860
AVERAGE PRICE IN
Q1
29
SALES IN
Q1
50
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 preparation and planning.
Town Spotlights
Within the region, certain communities stood out during the quarter based on activity and buyer interest
Looking Ahead
Momentum was expected to build seasonally.
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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