Maryland REALTORS® Online

August 2025 Housing Stats

by Jacky Mueck Housing Stats 0 0 Comment 13

Maryland Housing Market Cools as
Sales Decline and Listings Dry Up

Pending contracts rise, but fewer new listings and longer days on market point to tightening conditions

ANNAPOLIS, MD — September 15, 2025 — 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.”

Earlier in August, the Maryland Department of Housing and Community Development announced that in Fiscal Year 2025, the state financed $1.64 billion in new development projects and another $1 billion in acquisition mortgages for first-time home buyers.

Then, on September 3, Governor Wes Moore signed an Executive Order to address Maryland’s ongoing housing crisis, underscoring the foundational role housing plays in every community. The order tackles several issues, including:

Reducing and streamlining permitting and review processes
Identifying state-owned properties for potential housing near transit hubs
Working with local jurisdictions to set housing production targets at the county and municipal level

“If you want to create wealth, start with housing,” said Maryland Governor Wes Moore. “If you want to create jobs, start with housing. If you want to attract new businesses, start with housing.”

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