New data shows Maryland’s housing market continued to cool in September, with home sales falling 9.1% year-over-year. A total of 5,830 homes changed hands compared to 6,411 in September 2024.
Despite fewer transactions, prices kept climbing. Statewide, the average sales price rose 4.5% to $519,410, while the median price increased 2.4% to $435,000. Pending contracts ticked upward by 4.6%, but active inventory dipped slightly (–0.5%), new listings fell sharply (–18.3%), and homes are taking longer to sell: the median days on market jumped to 16, up from just 10 a year ago.
Locally for Worcester County, August figures are available and show a decline (-11.9%) in units sold. The average sales price rose 7.9% in August of 2025 to $532,575 from $493,434 in August of 2024. The median days on market is above the state average at 49 days on market vs 28 days on market year over year.
“Maryland’s market is sending mixed signals,” said Cheryl Abrams Davis, 2025 President, Maryland REALTORS®. “Buyers are still competing for fewer listings, which is pushing prices higher, but homes are also sitting longer before closing. This mismatch shows why bold action is needed: our state leaders are moving in the right direction, but local governments must step up with zoning reforms and permit approvals to get more homes built.”
The Maryland Department of Housing and Community Development announced that the state financed $1.64 billion in new development and another $1 billion in acquisition mortgages for first-time home buyers.
Then, on Sept. 3, Gov. Wes Moore signed an Executive Order to address Maryland’s ongoing housing crisis, underscoring the foundational role housing plays in every community.
The order tackles several issues, including streamlining permitting, and identifying state-owned properties for potential housing near transit hubs, and working with local jurisdictions to set housing production targets.
“If you want to create wealth, start with housing,” said Maryland Governor Wes Moore. “If you want to create jobs, start with housing. If you want to attract new businesses, start with housing.”
Lauren Bunting is a Broker with Keller Williams Realty of Delmarva in Ocean City, Maryland.
