July 2025 Eastern Shore Housing Market Update
The Eastern Shore housing market showed signs of continued sluggishness in July 2025, with both sales activity and new listings slowing compared to last year. While inventory levels are climbing, higher affordability hurdles and economic uncertainty continue to keep some buyers on the sidelines.
Sales Activity: Fewer Closings and Pending Sales
In July, there were 324 closed sales across the Eastern Shore — a 5.8% decline from July 2024. New pending sales were also down, slipping 1.3% year-over-year. Both closed and pending sales are tracking noticeably below last year’s pace, reflecting a market that remains slower than normal for the summer season.
New Listings: Momentum Slows After June Surge
After a strong increase in new listings in June, activity slowed in July. The region saw 392 new listings, a 6.2% drop from July 2024 and 6.7% lower than June’s numbers.
Inventory: Growing Supply Gives Buyers More Options
Inventory continues to rise as new listings outpace pending sales. At the end of July, there were 1,151 active listings — a 24.4% increase from last year. This growing supply is creating more opportunities for buyers, which could help shift market conditions in their favor over time.
Home Prices: Growth Moderates
While prices are still increasing, the pace of growth is slowing. The median sold price in July was $399,000, up 4.7% year-over-year. The rising inventory is beginning to ease some upward pressure on prices, though affordability remains a concern for many households.
Market Outlook for Fall 2025
Economic uncertainty continues to weigh on the Eastern Shore housing market. Many buyers remain cautious, waiting for mortgage rates to drop before making a move. If rates decline and inventory continues to grow, the fall market could see renewed activity.
However, affordability will remain a key challenge, particularly for first-time buyers. Price growth is expected to continue moderating, but with median prices near $400,000, some buyers may still find it difficult to enter the market without favorable financing conditions.
Bottom Line:
The Eastern Shore housing market is in a transitional phase — more homes are available, prices are rising more slowly, and buyers may soon have more leverage if conditions continue in this direction. Sellers should be prepared for longer days on market, while buyers should watch for opportunities as competition softens.
