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Mid-Atlantic Real Estate Market Update – June 2025

Summer is Heating Up in the Mid-Atlantic Market!

While the spring market started off a bit slower than usual, there’s great news for buyers and sellers alike—activity is picking up! In many local areas, home shoppers are still out in full force, and we’re seeing real momentum heading into summer.

May brought a boost in new pending home sales compared to last year, and showing activity was even stronger—clear signs that confidence is building. Yes, mortgage rates and a bit of economic uncertainty are still in the mix, but motivated buyers are moving forward, and well-priced homes are getting attention.

Thinking of making a move this summer? Now’s the time to get ready—opportunity is
knocking!

MEDIAN DAYS ON MARKET
MAY 2025
Houses
9 DAYS
2024: 7 DAYS
+2 DAYS
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Condos
10 DAYS
2024: 8 DAYS
+2 DAYS
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NEW LISTINGS
MAY 2025
Houses
14,769
2024: 15,104 DAYS
DOWN 2.2%
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Condos
7,406
2024: 7,810
DOWN 5.2%
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ACTIVE LISTINGS
(HOUSES & CONDOS – MAY 2025)

34,370  42,981
MAY 2024  MAY 2025
UP 25.1%  UP 25.1%
NEW PENDING SALES
MAY 2025
Houses
13,761
2024: 13,679
UP 0.6%
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Condos
6,762
2024: 6,680
UP 1.2%
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SOLDS
MAY 2025
Houses
12,180
2024: 12,335
DOWN 1.3%
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Condos
6,146
2024: 6,280
DOWN 2.1%
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TOTAL # SOLD
(HOUSES & CONDOS – MAY 2025)
20,678
LAST YEAR: 21,228
DOWN 2.6%
MEDIAN SOLD PRICE
(HOUSES & CONDOS – MAY 2025)
$435,000
LAST YEAR: $422,535
UP 3.0%

Curious about market trends in your neck of the woods?  Here are regional reports from our friends at Bright MLS…  https://www.brightmls.com/marketreports 

Please call us today with any questions for your Real Estate needs. We truly appreciate your trust and confidence in us!