Buyer activity strengthened in April, but Maryland’s housing supply declined sharply as national inventory levels improved.
ANNAPOLIS —Maryland home sales declined 3.3% in April 2026, totaling 5,728 units, compared to 5,922 units during the same month last year. Home prices, however, remained steady with the average sales price rising 0.3% to $522,682 and the median sales price increasing 0.2% to $436,000.
April’s housing data continued to reflect an imbalance between strong buyer demand and limited housing supply. Compared to April 2025:
- active inventory dropped 17.7%
- new listings declined 15.7%
- months of inventory fell from 3.1 months to 2.6 months
Despite limited supply, buyers remained active in the market:
- home showings rose to 132,411, a 7.2% increase from April 2025, according to Bright MLS
- pending sales (homes under contract) increased 10.6% year-over-year
While April’s housing data largely mirrored national trends, Maryland continued to lag significantly behind the nation in housing inventory growth. According to Realtor.com, the nation’s active inventory increased 4.6% year-over-year, a sharp contrast to Maryland’s 17.7% inventory decline. Nationally, new listings rose 1.1%, while Maryland experienced a 15.7% decrease.
“Buyers are interested — they’re heading to showings at a healthy clip — but the housing stock simply is not there,” said Denise Lewis, 2026 President of Maryland REALTORS®. “It’s encouraging that the Maryland General Assembly passed the Housing Certainty Act and the Maryland Transit and Housing Affordability Act this past session, but more is needed.”
Lewis added, “Other states are moving faster to address housing supply challenges while Maryland residents are increasingly searching out-of-state for affordable options. Local governments need to expand housing opportunities in their communities now.”