Top Medium Teams in Maryland – Ranked by Sides
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2023 Maryland Housing Market Summary
Maryland started 2023 with a total of 4,373 single-family homes on the market, with a median home price of $453,500 and an average price per square foot of $243. By the end of the year, inventory had decreased to 4,038 homes on the market (-7%), with a median home price of $475,000 (+4%) and an average price per square foot of $243 (+0%).
At the start of 2023, the median days on market (DOM) was 63 days – by the end of the year, median DOM had decreased to 56 days.
Maryland started the year with 35% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 32% of Maryland homes for sale had taken a price cut.
Finally, Altos’ proprietary Market Action Index (MAI) shows that Maryland started 2023 as a strong seller’s market, with an MAI score of 48; by the end of the year, the MAI had dropped to 44 – a slight seller’s advantage.
This market summary is powered by Altos Research – click here to run a free report for your area.
Frequently Asked Questions
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How are real estate transaction sides defined?
A transaction side represents one side of a transaction: the buyer side or the seller side. If an agent represents both the buyer and the seller, the transaction side is counted twice.
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How is real estate sales volume defined?
Real estate sales volume is defined as the total dollar value of all real estate transactions facilitated by an agent or a brokerage. This encompasses the sum of the sale prices of all properties sold, and not the profit or commission made from these sales.
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What are the classifications of team size?
Small: 2-5 licensed agents
Medium: 6-10 licensed agents
Large: 11-20 licensed agents
Mega: 21+ licensed agents
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What time period is the data used in the rankings from?
The RealTrends Agent Rankings reflect the previous calendar year. For example, the 2023 rankings show data from calendar year 2022.
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Additional questions?
View the full Rankings FAQ page here.
