Q1 2023 MARKET UPDATE
Eastern Shore
Queen Anne's County | Kent County | Talbot County
the quarter in review
FIRST QUARTER
The Eastern Shore entered 2023 with a quieter start in Q1, as buyer activity reflected seasonal timing and thoughtful evaluation. Interest remained focused on properties offering clear lifestyle alignment, while broader participation unfolded gradually. The quarter emphasized preparation and patience ahead of the spring season.
Eastern Shore
Snapshot
This snapshot captures early-year conditions on the Eastern Shore.
$195,036,471
TOTAL SALES VOLUME
326
TOTAL TRANSACTIONS
3.4
eoy months of inventoRy
19
median days on market
$432,059
median sales price
97.7%
list to sales price ratio
luxury markets
Luxury buyers remained patient.
$2,415,749
AVERAGE PRICE IN
Q1
28
SALES IN
Q1
28
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 interest followed winter cadence.
$1,619,337
AVERAGE PRICE IN
Q1
46
SALES IN
Q1
13
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.
Chestertown
Chestertown blends historic charm with a relaxed pace of life, attracting residents drawn to community, heritage, and a quieter Eastern Shore setting.
Easton
Easton offers a refined small-town lifestyle with a vibrant arts scene, dining, and everyday convenience, appealing to buyers seeking charm without isolation.
Oxford
Oxford delivers a quiet, traditional waterfront lifestyle centered on boating, privacy, and historic architecture, appealing to buyers seeking understated coastal living.
Town Spotlights
Within the region, certain communities stood out during the quarter based on activity and buyer interest
Looking Ahead
Activity would build with spring re-entry.
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