The Quarter in Review
First Quarter
The Eastern Shore entered 2023 with a quieter start in Q1, as buyer activity reflected seasonal timing and thoughtful evaluation. Interest remained focused on properties offering clear lifestyle alignment, while broader participation unfolded gradually. The quarter emphasized preparation and patience ahead of the spring season.
Eastern Shore Snapshot
This snapshot captures early-year conditions on the Eastern Shore.
$195,036,471 Total Sales Volume | 326 Total Transactions | 3.4 Months of Inventory |
|---|---|---|
19 Median Days on Market | $432,059 Median Sales Price | 97.7% List to Sales Price Ratio |
Luxury Markets
Luxury buyers remained patient.
28 Sales in Q1 | $2,415,749 Average Price in Q1 | 28 Average DOM in Q1 |
|---|
Luxury homes are defined as properties priced above $1M.
Figures reflect QTD closed sales from the most recent quarterly reporting period.
Waterfront Markets
Waterfront interest followed winter cadence.
46 Sales in Q1 | $1,648,881 Average Price in Q1 | 13 Average DOM in Q1 |
|---|
Waterfront homes are defined as properties with direct water access from the property.
Figures reflect QTD closed sales from the most recent quarterly reporting period.
Buyer Behavior
Buyers emphasized preparation.
Town Spotlights
Within the region, certain communities stood out during the quarter based on activity and buyer interest
Chestertown
Chestertown blends historic charm with a relaxed pace of life, attracting residents drawn to community, heritage, and a quieter Eastern Shore setting.
Easton
Easton offers a refined small-town lifestyle with a vibrant arts scene, dining, and everyday convenience, appealing to buyers seeking charm without isolation.
Oxford
Oxford delivers a quiet, traditional waterfront lifestyle centered on boating, privacy, and historic architecture, appealing to buyers seeking understated coastal living.
Looking Ahead
Activity would build with spring re-entry.