Baltimore Metro Housing Market Report –January 2026

 

Baltimore area buyers ready to reengage in the housing market. The Baltimore metro area housing market started 2026 with fewer closed sales than a year ago, but with a positive uptick in new contract activity. New pending contracts increased 3.3%, as buyers were enticed into the market by falling mortgage rates and more inventory. There were 5,034 active listings on the market at the end of January, up 23.8% compared to a year ago, giving buyers more choices than they have had in several years. In January, the regionwide median price rose 3.3% yearover-year to $375,000. However, there was variation across the metro area, with the median price falling in Howard County and unchanged in Harford County. Days on market moved higher, with the median reaching 30 days in January, up from 22 a year earlier. Buyers in the region have a bit more time and bargaining power as we start the year.

Looking ahead to the spring, the Baltimore metro area appears poised for a more active market. Lower mortgage rates and more inventory should bring out more buyers. Buyers should have more leverage in the spring market; however, the market for well-priced homes in desirable communities can still be competitive. Sellers should focus on resetting price expectations and make sure their homes are move-in ready.

 

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