May Market Update

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While we continue to face affordability challenges and historically low housing inventory, the Anne Arundel County housing market experienced a relatively normal spring market this year. Buyer activity increased steadily throughout the season, with monthly home sales rising from 378 in January to 728 in May.

On the inventory side, active listings followed a typical spring pattern. Inventory surged 46% in April as more homeowners entered the market and remained relatively steady through May, providing buyers with more options than they had earlier in the year.

The most encouraging trend is that both active inventory and closed sales are running approximately 10% higher than they were at this time last year. The market remains competitive, but the combination of more homes for sale and more successful transactions suggests we may be slowly moving toward a healthier balance between buyers and sellers.

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Homes Sold

728 homes sold (+10% vs. May 2025)

What it means: Despite ongoing inventory constraints, more homes are successfully changing hands. That's a positive sign for both buyers and sellers.

Days on Market

9 median days on market

What it means: Homes are still selling extremely quickly in Anne Arundel County. For comparison, the median home across the United States spent about 31 days on the market last month. Well-priced homes here continue to attract strong buyer interest FAST.

Interest Rates

~6.36% average 30-year fixed rate mortgage in May

What it means: Rates remain slightly below where they were a year ago, but volatility continues to be a factor. Mortgage rates jumped during the final week of May, a reminder that inflation concerns and broader economic uncertainty have not disappeared. Buyers should remain comfortable with rates fluctuating within the 6%–7% range rather than waiting for a significant drop.

5-Year Average Appreciation

~4.3% annual appreciation

What it means: This remains in line with long-term norms and reflects a stable housing market rather than an overheated one.

Off-Market Sales

16% of all transactions occurred off-market

What it means: A meaningful portion of the market continues to happen outside of the MLS, creating opportunities that many buyers never see.

Active Inventory

1,079 active listings (+10% vs. May 2025)

What it means: Buyers have more options than they did a year ago. While inventory remains historically low, this is another encouraging step toward a healthier market balance.

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Custom Solutions for Every Client

While market statistics tell part of the story, every transaction comes with its own unique set of goals, challenges, and opportunities.

This past month alone, The Wood Group helped a young couple purchase their first home in Arnold, guided the sale of a complex waterfront land parcel in Crownsville after years of unsuccessful attempts, marketed a Sherwood Forest home that generated multiple offers in its first week on the market, and quietly matched a classic Sherwood cottage with the right buyer through our private network, resulting in an above-asking-price sale.

Market statistics are important, but they never tell the whole story. Every client comes to the table with different goals and circumstances, and our job is to help them navigate the market and build the right strategy around their goals.

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Hyper Local Numbers

Area	May Sales	May Median Price	YTD Sales	YTD Median Price
Annapolis	139	$652,500	507	$650,000
Arnold	37	$615,000	117	$550,000
Severna Park	32	$786,500	111	$775,000
Crownsville	14	$662,750	46	$675,000
Edgewater	38	$657,000	137	$625,000
Davidsonville	8	$903,750	35	$911,000

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Thank you for reading and supporting The Wood Group.

If you or someone you know is thinking about buying or selling in the Annapolis area, we would love the opportunity to help.

Blake Wood

Blake@thewoodgroupre.com

(410) 507-9854

Douglas Realty

(410) 255-3690