The July 2025 housing data paints a clearer picture of Maryland’s real estate landscape: rising inventory, homes taking longer to sell, and more price adjustments. Whether you’re planning to buy or sell, here’s what these changes mean for you.
For Buyers: More Options and Negotiating Power
If you’ve been frustrated by the competitive market over the past few years, you may find conditions improving. Inventory in Maryland is up nearly 19% year-over-year, giving buyers more choices across neighborhoods and price points.
The increase in available homes, combined with an uptick in days on market, means sellers are often more open to negotiation. Price reductions are becoming more common—about 30% of Maryland homes saw a drop before selling in June. This opens the door for buyers to secure a home at a better price or with additional concessions such as closing cost help.
Tip: Keep an eye on listings that have been on the market longer than average. These homes may present the best opportunities for negotiation.
For Sellers: Pricing and Presentation Matter More Than Ever
While home prices in Maryland are still up modestly year-over-year, the market is shifting toward balance. Homes are taking longer to sell, and buyers are less likely to offer above list price. In fact, just under 40% of homes sold above asking in June, a notable drop from the year before.
To stand out, pricing your home competitively from the start is essential. Overpricing can lead to extended time on the market and eventual price cuts, which may turn off buyers. A well-presented home—clean, staged, and marketed effectively—will still attract strong offers, especially in desirable areas.
Tip: Work with an experienced local agent who understands micro-market trends in your neighborhood to set the right price from day one.
Condos and Select Price Ranges Are Still Hot
While certain single-family home segments are seeing slower demand, condos—especially those above $406,000—remain in high demand, with the Baltimore Home Demand Index showing “High” activity for this category.
This means if you’re selling a well-located, well-maintained condo, you may still benefit from a competitive pool of buyers. On the flip side, buyers interested in condos should be ready to act quickly when a good one hits the market.
The Bottom Line
Maryland’s real estate market is gradually moving toward balance, creating opportunities for both buyers and sellers—if they approach strategically. Buyers can take advantage of increased inventory and negotiating room, while sellers can still achieve strong results by pricing right and presenting their home at its best.