Baltimore Metro Housing Market Report – April 2025

 

Baltimore buyers and sellers waver as economic uncertainty dampens the spring market. There were 5,168 homes on the market in the Baltimore metro as of the end of April 2025, increasing 29.3% year-over-year. Inventory in the region is at its highest level since June 2020. However, despite this boom in inventory, buyers are not as buoyant this April. Despite slightly higher new pending sales in March, closed sales lagged 1.0% year-over-year. The number of new pending sales in April was 1.1% lower than a year ago. Despite a pullback in buyer activity, prices are still rising. The median sale price of $399,900 was 5.0% higher than last year. Listing activity increased between March and April, but the monthly gain was lower in 2025 than what typically happens each spring. April new listings were lower than a year ago, as sellers also appear to be holding back.

 

 

Tailwinds such as improving supply and increasing buyer leverage have been countered by the headwinds of lower consumer confidence and concern over the direction of the economy. The spring market appears to be stronger in some areas of the Baltimore metro than others. However, it is likely that market activity will generally be lower than during a more typical spring. 

 

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