The Quarter in Review
Third Quarter
Activity on the Eastern Shore in Q3 2023 was shaped by seasonal dynamics and lifestyle-driven demand. Buyers remained engaged through the summer period, though decision-making slowed modestly as the season progressed. The quarter reflected balanced conditions influenced by timing and fit rather than urgency.
Eastern Shore Snapshot
This snapshot captures late-summer activity on the Eastern Shore.
$255,915,222 Total Sales Volume | 424 Total Transactions | 2.4 Months of Inventory |
|---|---|---|
11 Median Days on Market | $479,967 Median Sales Price | 98.9% List to Sales Price Ratio |
Luxury Markets
Luxury buyers remained selective.
49 Sales in Q3 | $1,720,674 Average Price in Q3 | 9 Average DOM in Q3 |
|---|
Luxury homes are defined as properties priced above $1M.
Figures reflect QTD closed sales from the most recent quarterly reporting period.
Waterfront Markets
Waterfront demand followed measured pacing.
68 Sales in Q3 | $1,313,884 Average Price in Q3 | 11 Average DOM in Q3 |
|---|
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 evaluated opportunities with timing in mind.
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
Momentum would reflect lifestyle demand.