The Talbot County real estate market experienced a mix of slowing sales, rising prices, and shifting inventory trends in February 2025. Whether you’re a buyer, seller, or simply keeping an eye on market trends, here’s what you need to know to make informed real estate decisions.
Market Snapshot
- Closed Sales: 29 (-12.1% YoY)
- Median Sold Price: $415,000 (+16.9% YoY)
- New Listings: 44 (-32.3% YoY)
- Active Listings: 153 (+29.7% YoY)
- Median Days on Market: 66 days (+20 days YoY)
- Sold-to-Original List Price Ratio: 93.1% (Up from 92.2% in January)
For Buyers: Opportunities in a Shifting Market
With inventory down 32.3% from last year, finding the right home requires patience, but more negotiating power exists as the days on market increases to 66 days. This means buyers can take their time and secure better deals.
Mortgage rates remain above 6.5%, so buyers should explore rate buydown programs, ARM loans, and potential seller concessions to improve affordability.
For Sellers: Pricing & Marketing Strategy is Key
With fewer listings hitting the market, sellers still have an advantage, but overpricing can push buyers away. The average home is taking 66 days to sell, so competitive pricing and standout marketing are critical.
Tips for Sellers:
- Price competitively to attract buyers in a slower-moving market.
- Leverage high-quality marketing—professional photography, video tours, and staging are must-haves.
- Be prepared for negotiation, as buyers regain some leverage.
Looking Ahead: The Spring Market Effect
As spring approaches, buyer activity is expected to increase, particularly if mortgage rates stabilize or decline further. 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.