Baltimore Metro Housing Market Report –September 2025

 

Lower rates boost closed sales, but buyers are still cautious in the Baltimore metro area. There were 2,597 closed sales in the Baltimore metro area in September, a 6.5% increase compared to a year ago. Closed sales increased in all counties except Carroll. However, the number of pending sales lagged last year, down 3.1% overall. Only Anne Arundel and Howard counties had more contract activity compared to last year. Homes are staying on the market longer. The median days on market was 16 days for September 2025, five days longer than last September. Prices were relatively flat last month, The median sold was $400,000 in September, up 0.5% from a year ago. This is the slowest pace of home price growth since May 2023. The number of new listings coming onto the market was up 6.1% in September and inventory continues to climb. At the end of the month, the number of active listings was 31.7% higher than a year ago.

 

As new listings outpace pending sales, inventory will continue to increase in the Baltimore metro area and home price growth will continue to soften. Mortgage rates are stabilizing, and sellers need to adjust their price expectations. The pace of home sales activity likely will continue to be relatively slow throughout the fall in the Baltimore region.

 

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