Maryland Real Estate Market Update - May 2023

Real Estate Agent with Hollish Hill Group, JPAR Stellar Living

So what is happening in the Real Estate Market this month you ask...

Maryland Real Estate Market Update for May 2023

Let's take a look at last months numbers to see what is happening in the real estate market in Maryland.

Tight Inventory

The number of sales is down 33.8% across Maryland from April last you to April this year. Many homeowners are holding onto their homes, especially those with mortgages featuring very low interest rates. We see that this shortage of inventory is leading to slight increases in both average and median prices. Remember that last year saw huge increases with fierce competition and huge escalations and buyers giving up most if not all contingencies. 

Pipeline - More Tight Inventory

When looking at the pipeline of sales coming in the next few months, it looks like the inventory will continue to be tight. New Listings, Active Listings and Pending Listings are all down in April compared with the same month is 2022. 

Speed Wins

Although the length of time a property stays on the market is slightly longer at 7 days as compared to 6 days in 2022, that is still a very quick market and it's important for buyers to be ready to go. 

Any questions about the market in your specific neighborhoods in MD, DC or Northern Virginia, just give me a call to get started. I'm at 202-271-5301.


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 (2)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em:


Enjoyed your blog page, and I added you as follows. I would love the follow back. Bill

May 19, 2023 07:23 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.


May 26, 2023 08:07 AM