Q2 2023 MARKET UPDATE
Greater Baltimore
Baltimore City | Baltimore County | Howard County
the quarter in review
SECOND QUARTER
Market activity across Greater Baltimore in Q2 2023 benefited from typical spring seasonality, with buyers re-entering the market more actively. Engagement increased across neighborhoods, though decision-making remained grounded in value and location considerations. The quarter reflected steady momentum without excess urgency.
Greater Baltimore
Snapshot
This snapshot reflects spring-quarter performance across Greater Baltimore.
$2,279,283,940
TOTAL SALES VOLUME
5904
TOTAL TRANSACTIONS
1.4
eoy months of inventoRy
7
median days on market
$320,333
median sales price
100.0%
list to sales price ratio
luxury markets
Luxury engagement strengthened modestly.
$1,381,424
AVERAGE PRICE IN
Q2
208
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 seasonal improvement.
$578,106
AVERAGE PRICE IN
Q2
52
SALES IN
Q2
16
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 balanced opportunity and evaluation.
Baltimore City
Baltimore City offers a diverse, neighborhood-driven urban lifestyle shaped by historic architecture, cultural institutions, and waterfront districts, appealing to residents who value walkability, character, and city energy.
Columbia
Columbia is a nationally recognized planned community offering walkable villages, extensive parks and trails, and a strong emphasis on everyday livability, appealing to buyers seeking balance, amenities, and long-term stability.
Ellicott City
Ellicott City is known for its historic downtown, strong community identity, and balance of suburban living with preserved character and green space.
Town Spotlights
Within the region, certain communities stood out during the quarter based on activity and buyer interest
Looking Ahead
Momentum would depend on sustained demand.
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