As the spring season takes hold, Talbot County’s real estate market is shifting. We’re seeing more homes hit the market, a slowdown in unit sales, and rising home prices. Here's everything you need to know from March 2025 to plan your next move with confidence.
Market Highlights:
Homes Sold: 34 (-15% YoY)
Median Sold Price: $510,000 (+15% YoY)
Active Listings: 187 (+50.8% YoY)
New Listings: 66 (+10% YoY)
Median Days on Market: 60 days (+50% YoY)
Sold-to-Original List Price Ratio: 94.5%
What Buyers Should Know:
Buyers now have more selection than they’ve had in over a year. Inventory is up, giving you time to shop—but prices are also climbing. Homes are sitting longer, which gives you room to negotiate and potentially lock in better terms. Mortgage rates are steady at around 6.7%, but exploring buydown options or adjustable-rate mortgages can give you flexibility.
What Sellers Should Know:
Rising home prices mean strong returns, but you need to be strategic. Buyers are price-sensitive and savvy. Homes that are priced right and marketed well are still selling efficiently. Those that miss the mark? They're sitting and reducing.
Tip: Now is the time to prepare for the spring surge. Professional marketing and honest pricing are your best tools.
Looking Ahead:
Regional insights suggest a muted spring market, but Talbot County continues to outperform many surrounding areas. As consumer confidence fluctuates, now is the time to work with an expert who understands your local market deeply.
If you’re planning to buy or sell, now is the time to strategize. Want to discuss your next move? Let’s connect to create a plan tailored to your goals. Want to receive my monthly market report via email? Please click here to SUBSCRIBE! You can cancel at anytime.