EASTERN SHORE MARYLAND HOUSING MARKET DATA

There was an increase in total units sold in March, with 884 sold this month in Eastern Shore Maryland Real Estate versus 733 last month, an increase of 21%. This month's total units sold was lower than at this time last year, a decrease of 6% versus March 2024.

Versus last year, the total number of homes available this month is higher by 528 units or 16%. The total number of active inventory this March was 3,849 compared to 3,321 in March 2024. This month's total of 3,849 is higher than the previous month's total supply of available inventory of 3,773, an increase of 2%.

Last March, the median sale price for Eastern Shore Maryland Homes was $409,945. This March, the median sale price was $420,000, an increase of 2% or $10,055 compared to last year. The current median sold price is 2% higher than in February.

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

In March, there was 4.4 months of supply available in Eastern Shore Maryland, compared to 3.5 in March 2024. That is an increase of 23% 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 1,619 homes newly listed for sale in Eastern Shore Maryland compared to 1,583 in March 2024, an increase of 2%. There were 1,210 current contracts pending sale this March compared to 1,188 a year ago. The number of current contracts is 2% higher than last March.

In March, the average sale price in Eastern Shore Maryland was 98.8% of the average list price, which is 0.9% lower than at this time last year.

This month, the average number of days on market was 55, higher than the average last year, which was 47, an increase of 17%.





FOCUS ON: EASTERN SHORE MARYLAND HOUSING MARKET			MARCH 2025

Units Sold 884	Active Inventory 3,849	Median Sale Price $420,000	Days On Market 55

Down -6% Vs. Year Ago	Up 16% Vs. Year Ago	Up 2% Vs. Year Ago	Up 17% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 884 sold this month in Eastern Shore Maryland Real Estate versus 733 last month, an increase of 21%. This month's total units sold was lower than at this time last year, a decrease of 6% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 528 units or 16%. The total number of active inventory this March was 3,849 compared to 3,321 in March 2024. This month's total of 3,849 is higher than the previous month's total supply of available inventory of 3,773, an increase of 2%.
		Median Sale Price Last March, the median sale price for Eastern Shore Maryland Homes was $409,945. This March, the median sale price was $420,000, an increase of 2% or $10,055 compared to last year. The current median sold price is 2% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 1,619	Current Contracts 1,210	Sold Vs. List Price 98.8%	Months of Supply 4.4

Up 2% Vs. Year Ago	Up 2% Vs. Year Ago	Down -0.9% Vs. Year Ago	Up 23% Vs. Year Ago


		Months of Supply In March, there was 4.4 months of supply available in Eastern Shore Maryland, compared to 3.5 in March 2024. That is an increase of 23% 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 1,619 homes newly listed for sale in Eastern Shore Maryland compared to 1,583 in March 2024, an increase of 2%. There were 1,210 current contracts pending sale this March compared to 1,188 a year ago. The number of current contracts is 2% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Eastern Shore Maryland was 98.8% of the average list price, which is 0.9% lower than at this time last year. Days on Market This month, the average number of days on market was 55, higher than the average last year, which was 47, an increase of 17%.


	*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.