EASTERN SHORE MARYLAND HOUSING MARKET DATA

There was an increase in total units sold in May, with 1,081 sold this month in Eastern Shore Maryland Real Estate versus 1,016 last month, an increase of 6%. This month's total units sold was lower than at this time last year, a decrease of 12% versus May 2024.

Versus last year, the total number of homes available this month is higher by 476 units or 13%. The total number of active inventory this May was 4,254 compared to 3,778 in May 2024. This month's total of 4,254 is lower than the previous month's total supply of available inventory of 4,694, a decrease of 9%.

Last May, the median sale price for Eastern Shore Maryland Homes was $430,000. This May, the median sale price was $445,000, an increase of 3% or $15,000 compared to last year. The current median sold price is 5% higher than in April.

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

In May, there was 3.9 months of supply available in Eastern Shore Maryland, compared to 3.1 in May 2024. That is an increase of 29% 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 1,496 homes newly listed for sale in Eastern Shore Maryland compared to 1,631 in May 2024, a decrease of 8%. There were 1,179 current contracts pending sale this May compared to 1,166 a year ago. The number of current contracts is 1% higher than last May.

In May, the average sale price in Eastern Shore Maryland was 99.0% of the average list price, which is 0.5% lower than at this time last year.

This month, the average number of days on market was 54, higher than the average last year, which was 42, an increase of 29%.





FOCUS ON: EASTERN SHORE MARYLAND HOUSING MARKET			MAY 2025

Units Sold 1,081	Active Inventory 4,254	Median Sale Price $445,000	Days On Market 54

Down -12% Vs. Year Ago	Up 13% Vs. Year Ago	Up 3% Vs. Year Ago	Up 29% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 1,081 sold this month in Eastern Shore Maryland Real Estate versus 1,016 last month, an increase of 6%. This month's total units sold was lower than at this time last year, a decrease of 12% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 476 units or 13%. The total number of active inventory this May was 4,254 compared to 3,778 in May 2024. This month's total of 4,254 is lower than the previous month's total supply of available inventory of 4,694, a decrease of 9%.
		Median Sale Price Last May, the median sale price for Eastern Shore Maryland Homes was $430,000. This May, the median sale price was $445,000, an increase of 3% or $15,000 compared to last year. The current median sold price is 5% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 1,496	Current Contracts 1,179	Sold Vs. List Price 99.0%	Months of Supply 3.9

Down -8% Vs. Year Ago	Up 1% Vs. Year Ago	Down -0.5% Vs. Year Ago	Up 29% Vs. Year Ago


		Months of Supply In May, there was 3.9 months of supply available in Eastern Shore Maryland, compared to 3.1 in May 2024. That is an increase of 29% 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 1,496 homes newly listed for sale in Eastern Shore Maryland compared to 1,631 in May 2024, a decrease of 8%. There were 1,179 current contracts pending sale this May compared to 1,166 a year ago. The number of current contracts is 1% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Eastern Shore Maryland was 99.0% of the average list price, which is 0.5% lower than at this time last year. Days on Market This month, the average number of days on market was 54, higher than the average last year, which was 42, an increase of 29%.


	*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.