ANNAPOLIS, Md. – Maryland’s housing market continued to cool in September, with home sales falling 9.1% year-over-year. A total of 5,830 homes changed hands compared to 6,411 in September 2024, according to the latest housing data from Maryland REALTORS®.
Despite fewer transactions, prices kept climbing. The average sales price rose 4.5% to $519,410, while the median price increased 2.4% to $435,000. Pending contracts ticked upward by 4.6%, but active inventory dipped slightly (–0.5%), new listings fell sharply (–18.3%), and homes are taking longer to sell: the median days on market jumped to 16, up from just 10 a year ago.
“Maryland’s market is sending mixed signals,” said Cheryl Abrams Davis, 2025 President, Maryland REALTORS®. “Buyers are still competing for fewer listings, which is pushing prices higher, but homes are also sitting longer before closing. This mismatch shows why bold action is needed: our state leaders are moving in the right direction, but local governments must step up with zoning reforms and permit approvals to get more homes built.”…