Q3 2023 MARKET UPDATE
Southern Maryland
Calvert County | Charles County | Saint Mary's County
the quarter in review
THIRD QUARTER
Southern Maryland experienced steady engagement throughout Q3 2023, supported by demand for space and accessibility during the late summer months. Buyers remained active but increasingly thoughtful, prioritizing long-term usability over speed. Market conditions during the quarter reflected consistency rather than heightened competition.
Southern Maryland
Snapshot
This snapshot reflects summer-quarter performance across Southern Maryland.
$633,419,555
TOTAL SALES VOLUME
1388
TOTAL TRANSACTIONS
1.8
eoy months of inventoRy
9
median days on market
$424,663
median sales price
96.8%
list to sales price ratio
luxury markets
Luxury engagement remained practical.
$1,381,926
AVERAGE PRICE IN
Q3
14
SALES IN
Q3
24
AVERAGE DOM IN
Q3
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 patterns.
$769,402
AVERAGE PRICE IN
Q3
56
SALES IN
Q3
16
AVERAGE DOM IN
Q3
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 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
Market direction would remain steady.
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