The Quarter In Review
First Quarter
Q1 2023 in Greater Annapolis opened with deliberate buyer engagement, characteristic of the early part of the year. Activity remained present but paced, as buyers evaluated opportunities with longer-term planning in mind. The quarter reflected stable conditions ahead of the spring market.
Greater Annapolis Snapshot
This snapshot reflects early-year market activity across Greater Annapolis.
$750,495,549 Total Sales Volume | 1,431 Total Transactions | 1.7 Months of Inventory |
|---|---|---|
11 Median Days on Market | $443,667 Median Sales Price | 99.6% List to Sales Price Ratio |
Luxury Markets
Luxury buyers approached opportunities cautiously.
73 Sales in Q1 | $1,740,104 Average Price in Q1 | 14 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 engagement remained measured.
60 Sales in Q1 | $1,316,292 Average Price in Q1 | 40 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 focused on long-term planning.
Town Spotlights
Within the region, certain communities stood out during the quarter based on activity and buyer interest.
Annapolis
Annapolis delivers a distinctive blend of historic charm, maritime culture, and walkable urban living, attracting residents drawn to water access, dining, and cultural vibrancy.
Arnold
Arnold supports an active, community-focused lifestyle shaped by nearby waterways, parks, and trails, paired with everyday convenience close to downtown Annapolis.
Davidsonville
Davidsonville appeals to buyers seeking space, privacy, and a semi-rural setting, balancing estate-style living with convenient access to Annapolis and regional centers.
Looking Ahead
Market activity would normalize seasonally.