Q2 2023 MARKET UPDATE
Southern Maryland
Calvert County | Charles County | Saint Mary's County
the quarter in review
SECOND QUARTER
Southern Maryland experienced a pickup in activity during Q2 2023, supported by seasonal demand and buyer interest in space and accessibility. Market engagement increased as spring progressed, though buyers continued to approach opportunities with practical considerations in mind. The quarter reflected balanced, functional participation.
Southern Maryland
Snapshot
This snapshot captures spring-quarter activity across Southern Maryland.
$625,774,896
TOTAL SALES VOLUME
1396
TOTAL TRANSACTIONS
1.2
eoy months of inventoRy
9
median days on market
$421,500
median sales price
98.3%
list to sales price ratio
luxury markets
Luxury engagement remained steady.
$1,229,447
AVERAGE PRICE IN
Q2
14
SALES IN
Q2
32
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 cadence.
$719,845
AVERAGE PRICE IN
Q2
58
SALES IN
Q2
26
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 focused on long-term usability.
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
Activity would remain functional.
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