Baltimore Metro Housing Market Report – March 2025

 

 

 

Active buyers in the Baltimore metro area in March. Lower rates and more inventory brought more buyers out to start the spring market in the Baltimore region, but affordability is still a concern. There were 3,092 new pending sales in March across the Baltimore metro area, which was up 1.2% compared to last March and surged by 34.5% between February and March. The strong month-to-month uptick in contract activity typifies the start of the spring homebuying season.

 

Home prices are still rising in the Baltimore metro area, with the median sold price in March up 2.7% compared to a year ago. However, prices are somewhat softer in markets where buyers have hit affordability ceilings. March median sold prices were down slightly year-over-year in Carroll and Howard counties. More inventory has been a welcome trend for home buyers in the Baltimore area market. In March, the number of new listings was 10.6% higher than a year ago. New listing activity was also up by 37.9% between February and March.

 

 

Despite economic headwinds, the spring homebuying season is kicking off relatively strongly in the Baltimore metro area. More inventory and lower rates have brought more buyers in the market. Looking ahead, rates will continue to fall but overall economic conditions are also weakening. Buyers who remain in the market will have more leverage and home price growth likely will slow this spring in some local markets.

 

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