May 2025 delivered some noticeable market shifts in Talbot County. With rising inventory, easing home prices, and lengthening days on market, both buyers and sellers need to adjust their expectations and strategy heading into summer. Here’s a full breakdown of what’s happening and how to stay one step ahead.
Market Snapshot:
Closed Sales: 44 (−2.2% YoY)
Median Sold Price: $500,000 (−5.7% YoY)
Active Listings: 195 (+24.2% YoY)
New Listings: 68 (even YoY)
Average Days on Market: 50 days (+51.5% YoY)
Sold-to-List Price Ratio: 92.0%
What Buyers Should Know:
Inventory continues to climb and prices are slightly softening, creating a more balanced — even buyer-friendly — environment. With homes sitting longer and sellers making price adjustments, buyers can negotiate favorable terms and take time to find the right fit.
Top Buyer Tips:
Negotiate price, closing costs, or repairs — sellers are more flexible.
Use creative financing tools like rate buydowns or ARMs to increase affordability.
Don’t wait too long — homes are sitting longer, but well-priced homes still attract quick attention.
What Sellers Should Know:
Though demand is steady, today's buyers are cautious and price-conscious. Sellers who approach the market with realistic pricing and top-tier marketing are still selling successfully — but overpricing leads to extended time on the market.
Top Seller Strategies:
Price competitively based on current comps and demand.
Invest in standout marketing — photography, staging, video, and online exposure are essential.
Be prepared to negotiate — buyers are savvy and looking for value.
Looking Ahead:
As we move into summer, the Talbot County real estate market is expected to remain active but price-sensitive. Buyers are watching mortgage rates closely, and sellers need to meet the market where it is. Whether you're planning to list or looking to buy before the next rate shift, a customized strategy is essential.
Contact Julie Stevenson today to discuss your real estate plans and leverage the latest market insights.