Top Mega Teams in Maryland – Ranked by Volume

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    • Rank – State VolumeTeam NameCompanyLocationVolumeProfile
    Vybe Realty GroupLPT RealtyTowson, MD$437,332,503
    The Bob & Ronna GroupBerkshire Hathaway HomeServices PenFed RealtyEllicott City, MD$369,484,642
    Next MoveKeller WilliamsBaltimore, MD$234,390,855
    Lee Tessier TeameXp RealtyBel Air, MD$118,684,608
    The Rollings Home Team of eXp RealtyeXp RealtyOlney, MD$109,817,384
    Team ReederLong & Foster Real EstateFrederick, MD$94,810,871
    The Fine Living GroupeXp RealtyRockville, MD$87,002,570

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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.

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