June 2026 marks the first year-over-year increase in home sales since January 2025, even as inventory and new listings continue to trail last year’s levels.
ANNAPOLIS — Despite a significant decrease in active inventory, Maryland home sales increased by 2.3% in June 2026 with 6,913 units sold versus 6,760 in June 2025, marking the first year-over-year increase since January 2025. Pending sales, houses under contract, increased 7.0% percent, as prices recorded measured growth with the average sales price rising 3.8% to $565,713, and the median sales price increasing 3.3% to $465,000.
“June’s increase in home sales is an encouraging sign for Maryland’s housing market,” said Denise Lewis, 2026 President, Maryland REALTORS®. “Buyers have remained active throughout the year, and we are now beginning to see more of that activity result in completed sales.”
While sales rose in June, Maryland continues to face a shortage of homes available for buyers. Active inventory declined 13.3% from the previous year, falling from 18,788 homes in June 2025 to 16,283 homes in June 2026. New listings also declined sharply. A total of 7,370 properties entered the market in June, down 17.9 percent from 8,974 a year earlier. Months of inventory decreased from approximately 3.3 months in June 2025 to 2.9 months this year.
Maryland’s inventory trend stands apart from the national market. According to the National Association of REALTORS®, the number of existing homes available nationally increased 1.3 percent from June 2025. Maryland inventory, by comparison, fell more than 13 percent.
Nationally, existing-home sales increased 2.8 percent from the previous year, similar to Maryland’s 2.3 percent increase. However, Maryland’s median sales price rose 3.3 percent, compared with a national increase of 1.8 percent.
“Maryland is seeing many of the same affordability pressures as the rest of the country, but our housing supply challenge is more severe,” Lewis said. “Inventory is beginning to improve compared with the winter months, but it remains far below last year. Buyers cannot purchase homes that are never placed on the market.”
During the first six months of 2026, Maryland recorded 31,522 home sales, a 3.6 percent decline from the 32,686 homes sold during the same period in 2025. At the same time, pending sales increased 8.3 percent during the first half of the year, suggesting that buyer demand remained stronger than the number of completed transactions.
The largest change during the first half of the year was in new listings. Just 40,344 homes came onto the market between January and June, down 24.0 percent from the 53,106 listed during the first six months of 2025, underscoring the ongoing shortage of homes available for buyers.
“Maryland’s housing market does not have a lack of interested buyers,” Lewis said. “The state needs more homes of different types and price points, and it needs policies that make it easier to create those homes in the communities where people want to live.”
