A total of 24,812 new listings came onto the Mid-Atlantic market served by Bright MLS in March, a 0.6% year-over-year spike and the strongest March new listing total since 2022. Active listings totaled 39,495, a 9.4% surge from the 36,110 recorded one year earlier.
The rise in listings helped push the total number of closed sales in March to 16,040, a 2.3% increase from the 15,673 closed sales recorded one year earlier. The median sold price of $425,000 was a 3.7% uptick from the $410,000 price from 12 months before.
“March brought some welcome momentum to the Mid-Atlantic housing market,” said Bright MLS Chief Economist Lisa Sturtevant. “Compared to the sluggish activity in February, sellers were back into the market in much higher numbers. But that momentum is still fragile as mortgage rates have moved higher again and uncertainty remains elevated.”
However, Sturtevant warned, “The spring market has started to move, but it is still not operating at 100%. Rising mortgage rates and geopolitical uncertainty means the housing market is likely to remain uneven across the Mid-Atlantic this spring.”
Among the region’s major metro areas, Philadelphia saw 7,425 new listings, up 4.7% year-over-year and the highest March total since 2022. The total inventory increased 8.9% from one year ago, though the total number of homes for sale remained less than half of pre-pandemic levels. The median sold price rose to $385,000, up 4.6% year-over-year.
In Baltimore, home prices surged faster than they have in more than a year, with the median sold price reaching $400,000, up 5.3% from March 2025. New listing activity soared 55.3% between February and March, though March listings were still below last year’s level, while inventory was up 12.1% year-over-year – but active listings remained 40% below 2019 levels.
Buyers in the Washington, DC, metro area were on the prowl for properties, with new pending sales up 5.3% year-over-year and showing activity up 2.8%. While new listings were down 5.9% from a year ago, listing activity jumped by 56.1% between February and March. The median sold price was $635,000, up 1.6% year-over-year.
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