The Quarter In Review
Second Quarter
The second quarter of 2024 was a sprint for Greater Annapolis. Sales skyrocketed, volume surged, and homes moved at record speed. With inventory thinning and buyers acting decisively, pricing advanced across key segments while luxury and waterfront listings stole the spotlight. What defined this quarter wasn’t just demand—it was conviction. Buyers knew what they wanted, and sellers who were prepared saw results faster than ever. This report captures that moment of acceleration, when confidence and clarity converged.
Greater Annapolis Snapshot
This snapshot reflects spring-quarter market activity across Greater Annapolis.
$1,282,227,936 Total Sales Volume | 2,104 Total Transactions | 1.3 Months of Inventory |
|---|---|---|
6 Median Days on Market | $499,550 Median Sales Price | 100.5% List to Sales Price Ratio |
Luxury Markets
Luxury engagement improved for standout properties.
166 Sales in Q2 | $1,748,471 Average Price in Q2 | 6 Average DOM in Q2 |
|---|
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 rose alongside spring demand.
91 Sales in Q2 | $1,786,976 Average Price in Q2 | 11 Average DOM in Q2 |
|---|
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 acted with intention as inventory expanded.
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 direction will reflect seasonal normalization.