The Quarter In Review
Fourth Quarter
Greater Annapolis entered a more measured phase in Q4 2023, consistent with seasonal patterns and evolving buyer expectations. Demand remained active for homes offering strong location and condition, while other listings experienced longer evaluation periods. The quarter highlighted increased selectivity as buyers navigated year-end decisions with a longer-term view.
Greater Annapolis Snapshot
This snapshot captures fourth-quarter activity across Greater Annapolis.
$895,977,464 Total Sales Volume | 1,596 Total Transactions | 1.3 Months of Inventory |
|---|---|---|
9 Median Days on Market | $476,455 Median Sales Price | 100.0% List to Sales Price Ratio |
Luxury Markets
Luxury buyers remained active, particularly for standout offerings aligned with lifestyle value.
127 Sales in Q4 | $1,626,406 Average Price in Q4 | 16 Average DOM in Q4 |
|---|
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 moved at a deliberate pace.
70 Sales in Q4 | $1,500,530 Average Price in Q4 | 18 Average DOM in Q4 |
|---|
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 emphasized pricing and fit.
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.