The Quarter in Review
Second Quarter
Greater Baltimore experienced a powerful spring reset in Q2 2024. Closed sales surged nearly 45% year-over-year, total volume jumped 64.8%, and median sales price climbed 11.6% — all while homes flew off the market in just 9 days, and inventory tightened noticeably. The velocity and value gains were evident across segments, from single-family to townhomes and condos, making it a quarter defined not by frenzy but by conviction. This was a moment the market leaned in—not holding back, but leaning forward with clarity and purpose.
Greater Baltimore Snapshot
This snapshot reflects spring-season performance across Greater Baltimore.
$2,326,118,151 Total Sales Volume | 5,720 Total Transactions | 1.9 Months of Inventory |
|---|---|---|
9 Median Days on Market | $336,583 Median Sales Price | 100.0% List to Sales Price Ratio |
Luxury Markets
Luxury demand strengthened modestly during the spring market.
238 Sales in Q2 | $1,356,657 Average Price in Q2 | 5 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 activity followed seasonal improvement.
62 Sales in Q2 | $655,384 Average Price in Q2 | 17 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 balanced opportunity with evaluation.
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
Momentum will depend on sustained activity.