In a news release from the Maryland REALTORS® earlier this week, it was reported that Maryland’s statewide housing market experienced a modest slowdown in June, with 6,479 homes sold statewide, marking a 1.3% decline compared to June 2024 (6,563 homes), according to data released by Maryland REALTORS®. Despite the dip in activity, home prices continued to climb. The average sales price in June reached $543,801, up 3.9% year-over-year, while the median price rose 3.3% to $450,000.
In comparison to the statewide numbers, Worcester County data revealed a more dramatic decline of a nearly 11% decline in homes sold year over year, and an average sales price decline of 13.1%, from $513,866 in ’24 to $446,328 in ’25. However, these numbers fluctuate month over month; for example, in May of this year, the figures showed much less disparity with an average sales price of $478,445 in ’25 vs $476,798 in ’24, representing a 0.3% increase year over year.
In Maryland, homes are taking longer to sell. The median days on market statewide climbed to 11 days, a three-day increase over the same time last year. For Worcester County, the median days on market has climbed to 37 over 19 days on market the same time last year. In Wicomico County, the year over year trend is less dramatic with a 17 days on market median June ’25, which represents a three-day increase over the same time last year.
Maryland’s market reflects national trends. According to the National Association of Home Builders/Wells Fargo Housing Market Index, builder confidence plunged to 32 points in June—its lowest level in over two years. Measures of current and future sales, along with buyer foot traffic, are all on the decline. Meanwhile, homes are sitting longer on the market across the country, and price reductions are on the rise.
“Maryland, along with other markets across the country, is seeing an increase in the number of price reductions. If this continues, it could indicate a shift toward a buyer’s market,” said Cheryl Abrams Davis, 2025 President of Maryland REALTORS® . “This is where a REALTOR® makes a real difference—helping buyers and sellers read the market, time their decisions, and navigate trends to get the best outcome.”
Lauren Bunting is a Broker with Keller Williams Realty of Delmarva in Ocean City, Maryland.
