14 March February 2025 Housing Stats by Jacky Mueck Housing Stats 0 0 Comment 41 Maryland’s February 2025 Housing Data Points to a Shifting Market, Amidst Drops in Units Sold, Pending Units, Active Inventory, and New Listings ANNAPOLIS, MD—March 12, 2025 — Maryland housing sales fell 9.6% in February 2025 to 4,015 units, versus February 2024’s total of 4,442, according to the Maryland REALTORS®’ February 2025 Housing Statistics. The average sales price rose 3.8% to $473,569, while the median sales price grew 2.3% to $409,000. Units pending—houses under contract—dropped 9.6% to 4,939 units, while active inventory fell 10.8% to 9,331 units. The number of new listings decreased by 24.7% to 5,226 units, as well. The 30-year fixed rate mortgage currently rests at 6.63%, the lowest it’s been since mid-December 2024. With the drop in new listings, active inventory, and pending units, combined with a softening of the growth in average and median sales prices, signs point to a shifting market, although more data is needed. Reporting from Bright MLS for the week ending March 9, 2025, showed that new purchase contracts in the Mid Atlantic area (Maryland, Northern Virginia, DC, Delaware and parts of Pennsylvania) were down 3.1% from the previous year, while increasing 8.8% from the first week in March. “We are keeping a close eye exclusively on Maryland, including places with significant federal employment, and we are assessing the data represented in our February report,” said Cheryl Abrams Davis, 2025 President, Maryland REALTORS®. “Much of the housing challenges in this area remain anchored to inventory issues, which is why we’re encouraging the State Legislature to adopt uniform ADU legislation across the state and continue to support the Moore Administration’s housing supply agenda.” # # # Additional Resources: Download February 2025 Housing Statistics Download February 2025 Housing Statistics Infographic Watch ADUs: A Common Sense Solution Watch Maryland's Economy Begins at Home Download State of Maryland Housing 2025 Infographic Maryland REALTORS® professional members are experts in housing and real estate and are available for interviews and as subject matter experts. Contact Dan Patrell at dan.patrell@mdrealtor.org for more information. 2025, February 2025, Housing Stats Share Comments are closed.