Maryland Home Prices Rise as Market Remains Competitive

August brought a noticeable shift in Maryland’s housing market. New listings dropped by 23.6%, and active inventory was down 13.7%. That means fewer homes available for buyers to choose from, even as the median sale price climbed to $445,000 and both median and average prices increased around 2.4%. Home sales also dipped 8.5%, with pending sales down just 1%. As someone who navigates these market changes daily in Baltimore County, Baltimore City, and the surrounding areas, I know how important it is to understand what’s behind the numbers—especially when inventory is tight but values remain strong. Whether you’re planning to buy, sell, or invest, having the right perspective makes all the difference.