ANNAPOLIS, Md. — Maryland home sales fell 5.3 percent in October, with 5,707 homes sold compared to 6,024 a year earlier, according to the latest Maryland REALTORS® Housing Statistics. Even as sales declined, prices continued to rise: the average sales price increased 3.0 percent to $520,398, and the median price increased 2.9 percent to $437,500.
The market also showed early signs of loosening. Homes spent 17 days on market, up from 13 days in October 2024, and months of inventory held at 2.7, suggesting supply may be beginning to climb off historic lows.
“Maryland’s housing market remains difficult for many families, especially those searching for something affordable,” said Denise Lewis, 2026 President of Maryland REALTORS®. “We’re now seeing younger residents and middle-income households leave the state for more attainable options elsewhere. It raises a real question: how much out-migration will it take before local governments seriously address restrictive land-use and zoning policies?”…