1. Sales & Prices: Modest Slowdown, Modest Gains
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In June 2025, Maryland saw 6,479 homes sold—a 1.3% drop compared to June 2024’s 6,563.mdrealtor.org
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Despite the slight dip in sales, home prices continued rising:
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Average sales price reached $543,801, up 3.9% YoY
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Median price was $450,000, up 3.3% YoYmdrealtor.org
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2. Homes Spending More Time on the Market
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Days on Market (DOM) rose to 11 days, which is three days longer than a year ago—a clear signal the market is cooling and shifting toward buyers.mdrealtor.org
3. Rising Supply & Changing Demand
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According to Redfin data for June 2025:
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Median sale price across Maryland was $464,300, up 2.4% YoY
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Homes sold increased 2.3% to 6,553 units
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Homes for sale rose 19.0% YoY to 22,605 listings
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Median DOM climbed to 32 days, up 8 days YoYRedfin
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Demand softness became evident as:
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Only 39.6% of homes sold above list price, down 7.8 percentage points
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Homes with price drops climbed to 30.7%, up 4.3 points
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Sale-to-list ratio slipped to 100.3%, down 1.1 pointsRedfin
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4. Spotlight: Baltimore Region Demand
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The Baltimore Home Demand Index for July 2025 (based on June data) registered 92, slightly down from 95—still within the “Steady” market range.Marney Kirk – Maryland Real Estate Agent
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Pricing tiers show varying demand levels:
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Single-family homes under $361K: “Limited” demand (index 67)
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Between $361–825K: “Steady” (index 94)
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Above $825K: “Moderate” (index 129)
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Condos (both below and above $406K): “High” demand, especially in higher tiers (index 158)Marney Kirk – Maryland Real Estate Agent
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