19 February January 2025 Housing Stats by Jacky Mueck Housing Stats 0 0 Comment 68 Housing Sales Rise in the January 2025 Maryland REALTORS® Housing Statistics Association Calls for General Assembly to Pass Uniform ADU Adoption Statewide ANNAPOLIS, MD—February 18, 2025—Housing sales in Maryland grew 2.1% in January 2025 to 3,968 units, versus January 2024’s total of 3,866, according to the Maryland REALTORS®’ January 2025 Housing Statistics. The average sales price rose 7.1% to $480,542, while the median sales price grew 5.5% to $406,000. Units pending—houses under contract—dropped 2.7% to 4,637 units, while active inventory fell 10.9% to 9,338 units. The number of new listings decreased as well by 16.2% to 4,980 units. The 30-year fixed rate mortgage experienced its most recent peak in mid-January when it hit 7.02%. As of the publication of this news release, the interest rate currently rests at 6.87%. The continued rise in home prices, coupled with a decline in active inventory and new listings, reflects the ongoing supply constraints in the Maryland housing market. While sales saw a modest increase, the drop in pending units suggests that buyer demand may be tempering due to affordability concerns. “Housing affordability remains a top priority for Maryland REALTORS®,” said Cheryl Abrams Davis, 2025 President. “With inventory levels shrinking and fewer new listings coming to market, buyers are facing competitive conditions. We’ve been witnessing this trend for a while now, and it’s why we’re eager to see the General Assembly pass legislation to allow uniform Accessory Dwelling Unit adoption statewide. That measure alone could help to bring 30,000 affordable units to consumers.” 2025 State of Maryland Housing Survey Maryland REALTORS® released its annual housing survey of registered Maryland voters last week. For the first time in the history of the survey respondents volunteered, without prompting, that housing affordability was their top concern. This sentiment was reflected throughout the survey, sometimes in drastic measures. 42% of young renters are considering leaving the state because of the cost of housing. Interestingly, 81% overwhelmingly favored the statewide uniform adoption of ADUs. “Local governments should take heed,” said Abrams Davis. “We implore the General Assembly to adopt uniform ADU standards, reflecting the will of their constituents.” To view the complete 2025 State of Maryland Housing Survey results, please click here. Download January 2025 Housing Statistics Download January 2025 Housing Infographic # # # Additional Resources: Video: ADUs: A Common Sense Solution Video: Maryland's Economy Begins at Home Infographic: State of Maryland Housing 2025 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, Housing, Housing Stats, January, January 2025 Share Comments are closed.