Market Update - July 2026

Past 7 Days in St. Mary’s

• 25 Coming Soon

• 27 New Active

• 16 Price Decreases

• 24 A/C

• 48 Closed

• 24 Expired (HIGH; 2x last month)

Past 30 days in St. Mary’s

• Median List Price: $449,000

• Median SOLD Price: $489,000 (This has flipped from previous months)

• Average DOM: 21

• End of Month Inventory: 309 units

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Past 7 Days in SoMD (Calvert, Charles, and St. Mary’s)

• 71 Coming Soon (back up to a more normal level)

• 120 New Active (marginally lower)

• 98 Price Decreases (still very high)

• 84 A/C 

• 187 Closed 

• 63 Expired 

Past 30 days in SoMD

• Median List Price: $479,995

• Median SOLD Price: $474,289 (This gap has diminished for the past three months; in some areas, sold price is now higher)

• Average DOM: 30 (1 lower than last month)

• End of Month Inventory: 1437 units

My thoughts and conclusions for the moment:

• The gap between list price and sold price has narrowed again, and in Saint Mary’s, median sold price was actually much higher than median list price. Days on market is still relatively low. For buyers, the market is significantly more competitive than it was three months ago; buyers’ agents should revisit the playbook from the 2021-2023 era to offer options for making highly competitive offers (walk-through inspections, appraisal gap addendums, covering closing costs, etc). 

• For sellers and their agents, it continues to be the case that the fully move-in ready homes are producing the best return, both in the form of short days on market and higher purchase prices. Investing effort and money in repairs, staging, and strategic updates prior to listing is the best course of action.