Navigating the local housing landscape requires looking past broad headlines and diving directly into local trends. Billy Rabbitt and Gloria Huber from The Southside Group Real Estate broke down the latest figures shaping real estate decisions across Southern Maryland.

Whether you're planning to buy, sell, or simply monitor your local equity, here are the key numbers driving the current market:

1. Inventory Climbs +24.2% Year-Over-Year

Active listings across Southern Maryland have jumped 24.2% compared to last year. This year-over-year rise gives active buyers more breathing room and property choices to explore. Looking at the short-term trend, active inventory dipped slightly by about 2% compared to the prior week.

2. Homes Average 43 Days on Market

Properties are taking slightly longer to go from active status to under contract, currently averaging 43 days. This extended timeline contributes to higher total available inventory and offers buyers more time to tour homes and make deliberate decisions.

3. Buyer Showings: Week-Over-Week Momentum

While buyer showings in Southern Maryland are down 9.4% year-over-year, the market showed positive short-term momentum with a 4% increase in showings compared to the prior week. This uptick points to resilient buyer activity and consistent tour traffic.

4. Mortgage Rates Cool Down to 7.24%

The national 30-year fixed mortgage rate sits at 7.24%. While higher than this time last year, rates have pulled back from a recent high of around 7.4% just a few weeks prior—providing modest financial relief for prospective buyers.

Active Listings by County

Available housing supply varies across Southern Maryland's tri-county region:

County Active Listings
Charles County 684
Calvert County 333
St. Mary’s County 284

Key Takeaways for Buyers and Sellers

  • For Buyers: Expanding inventory and a 43-day average market duration give you stronger negotiating room and time to find the right property.
  • For Sellers: With active supply up nearly a quarter compared to last year, precise pricing and strong marketing presentation are critical to securing showings and competing effectively.