The Quarter In Review
First Quarter
The first quarter of 2024 carried a clear message: Greater Annapolis was back and moving with momentum. Waterfront properties sparkled with 18% more sales, faster turnarounds, and stronger price gains. Overall demand pushed both volume and median price upward, while inventory remained tight. It felt like the market had regained its footing—steady, confident, and ready to build on Q1’s strength. This snapshot sets the tone for what lies ahead, with clarity and energy.
Greater Annapolis Snapshot
This snapshot captures early-year activity across Greater Annapolis.
$770,020,216 Total Sales Volume | 1,370 Total Transactions | 1.8 Months of Inventory |
|---|---|---|
11 Median Days on Market | $467,153 Median Sales Price | 100.0% List to Sales Price Ratio |
Luxury Markets
Luxury buyers approached opportunities cautiously.
99 Sales in Q1 | $1,578,560 Average Price in Q1 | 19 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 activity followed seasonal cadence.
71 Sales in Q1 | $1,407,095 Average Price in Q1 | 21 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 value alignment.
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
Momentum would build with spring demand.