ANNAPOLIS — Housing sales in Maryland increased 1.4% in November 2024 to 5,216 units, compared to 5,146 units sold in 2023, according to the Maryland REALTORS®’ November 2024 housing statistics.
The average sales price rose 5.5% to $489,996, while the median sales price grew 6.3% to $425,000.
Top county performers include Talbot County, where sales grew 69.4%, and neighboring Caroline County, with a 42.1% increase in sales. The two counties witnessing the largest increases in the average sales price were Talbot County (60.5%) and Allegany County (31.1%).
Statewide, units pending (houses under contract) grew 13.0%, and Days on Market — the number of days a house is available for sale before it moves off the market — grew to 12 days, versus 11 days in 2023.
“In Maryland, inventory remains a serious issue, which is reflected in the rise in prices, month after month, year over year, said Cheryl Abrams Davis, Maryland REALTORS®’ 2025 president. “While we’ve been encouraged at what’s happening at the state level in housing legislation, much work remains to be done, like common sense Accessory Dwelling Unit (ADU) legislation. While building new housing may take time, ADUs — sometimes referred to as ‘in-law suites’ or ‘granny flats’ — can help immediately.”
Abrams Davis encouraged Marylanders who’ve had challenges in finding a home to visit OpenDoorsMaryland.org to share their stories.