The Quarter In Review
Third Quarter
Q3 2023 in Greater Annapolis saw continued buyer interest, though activity became more selective as summer progressed. Homes that aligned closely with pricing and lifestyle expectations continued to attract attention, while others required greater patience. The quarter marked a transition from peak season intensity toward a more balanced pace.
Greater Annapolis Snapshot
This snapshot captures third-quarter activity across Greater Annapolis.
$1,135,769,932 Total Sales Volume | 1,977 Total Transactions | 1.4 Months of Inventory |
|---|---|---|
6 Median Days on Market | $475,000 Median Sales Price | 100.2% List to Sales Price Ratio |
Luxury Markets
Luxury homes transacted selectively.
128 Sales in Q3 | $1,748,020 Average Price in Q3 | 7 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 properties followed extended timelines.
85 Sales in Q3 | $1,542,965 Average Price in Q3 | 10 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
Buyer behavior reflected thoughtful engagement.
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
Activity would remain measured.