Maryland REALTORS® Online

April 2025 Housing Stats

by Jacky Mueck Housing Stats 0 0 Comment 17

Maryland Home Sales Dip in April While Inventory Inches Up
Median and average prices continue to rise amid housing supply challenges

ANNAPOLIS, MD — May 14, 2025 — Home sales across Maryland declined by 7.0% in April 2025, with 5,692 units sold compared to 6,120 in April 2024, according to the latest Maryland REALTORS^® Housing Statistics. Despite the slowdown in sales volume, home prices continued to climb. The average sales price increased by 4.1% to $520,712, and the median price rose 4.8% to $435,000.

Pending sales — homes under contract — edged up 1.2% to 6,864 units, while active inventory held steady at 12,626 units, the same level as a year ago. Months of inventory—a key indicator of supply—has grown from 1.7 months in February to 2.2 months in April. A balanced market generally has 6 months of inventory available.

“We’re nowhere near a balanced market, and while we could be making strides to fix this with additional housing, local governments seem content to do nothing for their constituents,” said Cheryl Abrams Davis, 2025 President of Maryland REALTORS^®. “We have an opportunity to do what’s right and add more housing in our communities, but local governments and their lobbyists continue to impede progress.”

Abrams Davis also pointed to findings from the Association’s 2025 housing survey: “Seventy-seven percent of registered Maryland voters said their local governments are not adequately addressing community housing needs. More leaders need to listen to the broader public—not just the loudest NIMBY voices—if we’re going to make real progress on housing.”

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