Q1 2023 MARKET UPDATE
Southern Maryland
Calvert County | Charles County | Saint Mary's County
the quarter in review
FIRST QUARTER
Q1 2023 in Southern Maryland reflected typical early-year conditions, with buyer activity emerging gradually following the winter period. Engagement remained present, particularly among buyers planning ahead for the spring market. The quarter emphasized patience and preparation rather than immediate movement.
Southern Maryland
Snapshot
This snapshot reflects early-year conditions across Southern Maryland.
$458,115,011
TOTAL SALES VOLUME
1072
TOTAL TRANSACTIONS
2.4
eoy months of inventoRy
20
median days on market
$393,148
median sales price
99.5%
list to sales price ratio
luxury markets
Luxury buyers re-entered cautiously.
$1,212,767
AVERAGE PRICE IN
Q1
7
SALES IN
Q1
45
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 remained limited early.
$724,524
AVERAGE PRICE IN
Q1
33
SALES IN
Q1
26
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.
Chesapeake Beach
Chesapeake Beach offers a coastal town atmosphere centered on bay access, walkability, and recreational amenities, appealing to buyers seeking a relaxed waterfront setting within commuting distance.
Leonardtown
Leonardtown blends historic charm with modern growth, offering walkable amenities, cultural activity, and a strong sense of local identity.
North Beach
North Beach is a small, bayfront community known for its boardwalk, local events, and close-knit feel, attracting buyers who value water access and a slower, community-oriented pace.
Town Spotlights
Within the region, certain communities stood out during the quarter based on activity and buyer interest
Looking Ahead
Seasonal momentum was expected to return.
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