EASTERN SHORE MARYLAND HOUSING MARKET DATA

There was an increase in total units sold in April, with 975 sold this month in Eastern Shore Maryland Real Estate versus 929 last month, an increase of 5%. This month's total units sold was lower than at this time last year, a decrease of 11% versus April 2024.

Versus last year, the total number of homes available this month is higher by 609 units or 17%. The total number of active inventory this April was 4,195 compared to 3,586 in April 2024. This month's total of 4,195 is higher than the previous month's total supply of available inventory of 4,152, an increase of 1%.

Last April, the median sale price for Eastern Shore Maryland Homes was $415,750. This April, the median sale price was approximately the same at $425,000. The current median sold price is 2% higher than in April 2024.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In April, there was 4.3 months of supply available in Eastern Shore Maryland, compared to 3.3 in April 2024. That is an increase of 32% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 1,539 homes newly listed for sale in Eastern Shore Maryland compared to 1,655 in April 2024, a decrease of 7%. There were 1,135 current contracts pending sale this April compared to 1,126 a year ago. The number of current contracts is 1% higher than last April.

In April, the average sale price in Eastern Shore Maryland was 99.2% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 49, higher than the average last year, which was 47, an increase of 4%.





FOCUS ON: EASTERN SHORE MARYLAND HOUSING MARKET			APRIL 2025

Units Sold 975	Active Inventory 4,195	Median Sale Price $425,000	Days On Market 49

Down -11% Vs. Year Ago	Up 17% Vs. Year Ago	Up 2% Vs. Year Ago	Up 4% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 975 sold this month in Eastern Shore Maryland Real Estate versus 929 last month, an increase of 5%. This month's total units sold was lower than at this time last year, a decrease of 11% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 609 units or 17%. The total number of active inventory this April was 4,195 compared to 3,586 in April 2024. This month's total of 4,195 is higher than the previous month's total supply of available inventory of 4,152, an increase of 1%.
		Median Sale Price Last April, the median sale price for Eastern Shore Maryland Homes was $415,750. This April, the median sale price was approximately the same at $425,000. The current median sold price is 2% higher than in April 2024. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 1,539	Current Contracts 1,135	Sold Vs. List Price 99.2%	Months of Supply 4.3

Down -7% Vs. Year Ago	Up 1% Vs. Year Ago	No Change Vs. Year Ago	Up 31% Vs. Year Ago


		Months of Supply In April, there was 4.3 months of supply available in Eastern Shore Maryland, compared to 3.3 in April 2024. That is an increase of 32% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 1,539 homes newly listed for sale in Eastern Shore Maryland compared to 1,655 in April 2024, a decrease of 7%. There were 1,135 current contracts pending sale this April compared to 1,126 a year ago. The number of current contracts is 1% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Eastern Shore Maryland was 99.2% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 49, higher than the average last year, which was 47, an increase of 4%.


	*Defined as the counties Caroline, Cecil, Dorchester, Kent, Queen Annes, Somerset, Talbot, Wicomico, and Worcester in MD and Sussex County in DE
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.