EASTERN SHORE MARYLAND HOUSING MARKET DATA

There was a decrease in total units sold in July, with 1,033 sold this month in Eastern Shore Maryland Real Estate versus 1,154 last month, a decrease of 10%. This month's total units sold was lower than at this time last year, a decrease of 11% versus July 2024.

Versus last year, the total number of homes available this month is higher by 315 units or 8%. The total number of active inventory this July was 4,243 compared to 3,928 in July 2024. This month's total of 4,243 is lower than the previous month's total supply of available inventory of 4,501, a decrease of 6%.

Last July, the median sale price for Eastern Shore Maryland Homes was $420,000. This July, the median sale price was approximately the same at $435,000. The current median sold price is 4% higher than in July 2024.

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

In July, there was 4.1 months of supply available in Eastern Shore Maryland, compared to 3.4 in July 2024. That is an increase of 21% 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 1,319 homes newly listed for sale in Eastern Shore Maryland compared to 1,545 in July 2024, a decrease of 15%. There were 1,198 current contracts pending sale this July compared to 1,071 a year ago. The number of current contracts is 12% higher than last July.

In July, the average sale price in Eastern Shore Maryland was 98.4% of the average list price, which is 1.0% lower than at this time last year.

This month, the average number of days on market was 53, higher than the average last year, which was 48, an increase of 10%.





FOCUS ON: EASTERN SHORE MARYLAND HOUSING MARKET			JULY 2025

Units Sold 1,033	Active Inventory 4,243	Median Sale Price $435,000	Days On Market 53

Down -11% Vs. Year Ago	Up 8% Vs. Year Ago	Up 4% Vs. Year Ago	Up 10% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 1,033 sold this month in Eastern Shore Maryland Real Estate versus 1,154 last month, a decrease of 10%. This month's total units sold was lower than at this time last year, a decrease of 11% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 315 units or 8%. The total number of active inventory this July was 4,243 compared to 3,928 in July 2024. This month's total of 4,243 is lower than the previous month's total supply of available inventory of 4,501, a decrease of 6%.
		Median Sale Price Last July, the median sale price for Eastern Shore Maryland Homes was $420,000. This July, the median sale price was approximately the same at $435,000. The current median sold price is 4% higher than in July 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 1,319	Current Contracts 1,198	Sold Vs. List Price 98.4%	Months of Supply 4.1

Down -15% Vs. Year Ago	Up 12% Vs. Year Ago	Down -1% Vs. Year Ago	Up 21% Vs. Year Ago


		Months of Supply In July, there was 4.1 months of supply available in Eastern Shore Maryland, compared to 3.4 in July 2024. That is an increase of 21% 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 1,319 homes newly listed for sale in Eastern Shore Maryland compared to 1,545 in July 2024, a decrease of 15%. There were 1,198 current contracts pending sale this July compared to 1,071 a year ago. The number of current contracts is 12% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Eastern Shore Maryland was 98.4% of the average list price, which is 1.0% lower than at this time last year. Days on Market This month, the average number of days on market was 53, higher than the average last year, which was 48, an increase of 10%.


	*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.