Baltimore Metro Housing Market Report – May 2025

 

 

Home sales activity in the Baltimore region has been very slow this spring. In May, there were 3,008 closed sales across the Baltimore metro area, which was down 3.1% compared to a year ago. While the number of new pending sales in May was up 1.5% compared to last May, overall, pending sales are down by 1.1% year-todate. High interest rates and economic uncertainty are keeping buyers out of the market. Those economic factors are also impacting would-be sellers. There were 3,279 new listings that came onto the market in the Baltimore metro area in May, a 6.6% decline compared to a year ago. Home prices are still rising, though there are signs that prices may be weakening in some higher-priced suburban markets. The median sold price in the region was up by 2.5% in May, though median prices fell yearover-year in Anne Arundel, Baltimore, and Howard counties.

 

 

The Baltimore region’s spring housing market has been slowerthan-typical as prospective buyers and sellers are holding back. If mortgage rates remain elevated and economic uncertainty continues, sales activity could continue to be relatively slow throughout the summer, and some local markets could see weaker home prices as inventory grows.

 

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