Maryland recorded 6,913 home sales during June, a 2.3% upswing from the 6,760 sold one year earlier. According to Maryland Realtors, this marked the first year-over-year home sales increase since January 2025. Pending sales were up 7.0% from 6,412 transactions in June 2025 to 6,863 last month.
The increase in sales activity occurred amid a 13.3% decline in the active inventory (16,283 homes in June versus 18,788 one year ago) and a 17.9% drop in new listings (8,974 in June 2025 to 7,370 last month). There were 2.9 months of inventory in June, compared to 3.3 months one year before.
Maryland’s buyers are spending more for residential properties, the average sales price up 3.8% year-over-year to $565,713 and the median sales price increasing over the same period by 3.3% to $465,000.
“Maryland is seeing many of the same affordability pressures as the rest of the country, but our housing supply challenge is more severe,” said Denise Lewis, 2026 president of Maryland Realtors. “Inventory is beginning to improve compared with the winter months, but it remains far below last year. Buyers cannot purchase homes that are never placed on the market.”
“Maryland’s housing market does not have a lack of interested buyers,” Lewis added. “The state needs more homes of different types and price points, and it needs policies that make it easier to create those homes in the communities where people want to live.”
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