Maryland Real Estate Market Update - April 2023

Real Estate Agent with Hollish Hill Group, JPAR Stellar Living

Maryland Real Estate Market Update - April 2023

Is this a spring market?

The weather outside feels like spring, and the spring market is slowly easing its way in for 2023. Low inventory means that people are waiting to win a home before putting theirs on the market and we have a delay of sorts.

There are also buyers who are hesitant - whether the interest rates put a wrench in their search or the lack of things to look at makes them want to wait, the common phrase we've been hearing is, "I love it! Let me know if anyone else is making an offer." Ugh!

In April, we look at market numbers for the month of March in 2022 and 2023. As you can see the number of sales completed is down 27.4% over last year while both average and median prices are showing a slight increase. 

What's the outlook for April?

The pipeline is showing that pending and active inventory is down below last year yet inventory is slightly above last year and homes are taking a bit longer to sell. New listings are down substantially so now is a great time to sell even a not so perfect home. 

Any questions about your specific neighborhood in MD, DC or Northern Virginia just give me a call to get started. 

Posted by


Dana Hollish Hill
REALTOR * Broker * Coach 
JPAR Stellar Living
800 S Frederick Ave, Suite 200, Gaithersburg, MD 20877
office 301.944.9070  
cell  202.271.5301

Comments (3)

Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

HI Dana - Thanks for the market update. I hope you are having a great spring and you have big plans for some time with the girls this summer   What will you do with an "empty nest?"

Apr 22, 2023 05:35 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC

Thanks for sharing your market report with us here in the Rain. It's always interesting to see how other areas of the country are doing.


Apr 29, 2023 08:27 AM