SAINT MARY'S COUNTY HOUSING MARKET DATA

There was a decrease in total units sold in March, with 78 sold this month in Saint Mary's County Real Estate versus 90 last month, a decrease of 13%. This month's total units sold was lower than at this time last year, a decrease of 19% versus March 2024.

Versus last year, the total number of homes available this month is higher by 1 units or 1%. The total number of active inventory this March was 182 compared to 181 in March 2024. This month's total of 182 is lower than the previous month's total supply of available inventory of 197, a decrease of 8%.

Last March, the median sale price for Saint Mary's County Homes was $389,950. This March, the median sale price was $422,500, an increase of 8% or $32,550 compared to last year. The current median sold price is 9% 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 2.3 months of supply available in Saint Mary's County, compared to 1.9 in March 2024. That is an increase of 24% 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 117 homes newly listed for sale in Saint Mary's County compared to 138 in March 2024, a decrease of 15%. There were 122 current contracts pending sale this March compared to 130 a year ago. The number of current contracts is 6% lower than last March.

In March, the average sale price in Saint Mary's County was 99.9% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 26, higher than the average last year, which was 25, an increase of 4%.





FOCUS ON: SAINT MARY'S COUNTY HOUSING MARKET			MARCH 2025

Units Sold 78	Active Inventory 182	Median Sale Price $422,500	Days On Market 26

Down -19% Vs. Year Ago	Up 1% Vs. Year Ago	Up 8% Vs. Year Ago	Up 4% Vs. Year Ago


		Units Sold There was a decrease in total units sold in March, with 78 sold this month in Saint Mary's County Real Estate versus 90 last month, a decrease of 13%. This month's total units sold was lower than at this time last year, a decrease of 19% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 1 units or 1%. The total number of active inventory this March was 182 compared to 181 in March 2024. This month's total of 182 is lower than the previous month's total supply of available inventory of 197, a decrease of 8%.
		Median Sale Price Last March, the median sale price for Saint Mary's County Homes was $389,950. This March, the median sale price was $422,500, an increase of 8% or $32,550 compared to last year. The current median sold price is 9% 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 117	Current Contracts 122	Sold Vs. List Price 99.9%	Months of Supply 2.3

Down -15% Vs. Year Ago	Down -6% Vs. Year Ago	No Change Vs. Year Ago	Up 23% Vs. Year Ago


		Months of Supply In March, there was 2.3 months of supply available in Saint Mary's County, compared to 1.9 in March 2024. That is an increase of 24% 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 117 homes newly listed for sale in Saint Mary's County compared to 138 in March 2024, a decrease of 15%. There were 122 current contracts pending sale this March compared to 130 a year ago. The number of current contracts is 6% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in Saint Mary's County was 99.9% 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 26, higher than the average last year, which was 25, an increase of 4%.



	*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.