The Quarter in Review
First Quarter
Greater Baltimore began 2023 with measured activity in Q1, as buyers cautiously re-engaged following the holiday season. Market participation reflected early-year selectivity, with attention focused on value and neighborhood context. The quarter set a steady foundation for the months ahead.
Greater Baltimore Snapshot
This snapshot captures first-quarter activity across Greater Baltimore.
$1,414,544,928 Total Sales Volume | 4,311 Total Transactions | 2.2 Months of Inventory |
|---|---|---|
16 Median Days on Market | $269,333 Median Sales Price | 99.6% List to Sales Price Ratio |
Luxury Markets
Luxury engagement remained measured.
97 Sales in Q1 | $1,418,935 Average Price in Q1 | 13 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 interest followed winter patterns.
41 Sales in Q1 | $699,084 Average Price in Q1 | 65 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.
Town Spotlights
Within the region, certain communities stood out during the quarter based on activity and buyer interest
Baltimore City
Baltimore City offers a diverse, neighborhood-driven urban lifestyle shaped by historic architecture, cultural institutions, and waterfront districts, appealing to residents who value walkability, character, and city energy.
Columbia
Columbia is a nationally recognized planned community offering walkable villages, extensive parks and trails, and a strong emphasis on everyday livability, appealing to buyers seeking balance, amenities, and long-term stability.
Ellicott City
Ellicott City is known for its historic downtown, strong community identity, and balance of suburban living with preserved character and green space.
Looking Ahead
Activity would build seasonally.