By Michael J. Schiff, Team Leader, The Schiff Home Team of eXp Realty
As we move deeper into the summer season, Baltimore’s real estate market continues to show its unique rhythm—balancing strong pricing power with subtle shifts in inventory and buyer behavior. This past week, we saw a 10.8% decrease in new listings across the region, which may reflect the usual summer slowdown or a slight hesitation from sellers watching mortgage rate headlines. That said, listings are still up 6.8% compared to this time last year, which is a reassuring sign for anyone worried about tight supply.
Pending sales also dipped slightly, down 2.1% from the week before, but they remain 0.7% higher than this same week in 2024. This tells us that buyer activity is still holding strong—just not quite at the frenzied pace we saw during the spring. Homes are still moving relatively quickly, with the median days on market sitting at 27, only a one-day uptick from last week. For context, that’s still considered a very healthy pace.
What’s really notable is that median list prices rose another 2.4% this week, putting us about 5.2% higher than this time last year. Sellers are feeling confident, and rightfully so. As long as homes are priced right and prepped well, they’re getting attention—and often offers—quickly.
Zooming out, the Bright MLS Home Demand Index for our region holds steady at 95, which is just slightly below last month but still comfortably above where we were last summer. Inventory overall is on the rise too, with active listings up more than 56% in May and the average days on market holding around 33 days. Prices continue to climb, with Baltimore City’s median sale price hitting $242,000—a 12.6% jump year-over-year.
So what does this all mean? If you’re thinking of selling, now is still a smart time to list—buyers are active, and prices are in your favor. Just remember: standing out matters. Thoughtful pricing and presentation will make all the difference in this more selective market. Buyers, while competition isn’t as wild as it was a few months ago, good homes are still going fast—so it pays to be prepared and move decisively. And for investors, the mid-to-luxury market continues to show strength, especially in properties suited for long-term hold or hospitality-style rentals.
As we head into July, keep an eye on new inventory levels and mortgage rate trends—rates are hovering around 6.8% and will continue to shape both buyer affordability and seller motivation. We’ll be back next week with another update. In the meantime, if you want a deeper dive by neighborhood or price point, just reach out—we’ve got you covered.