Lifestyle March 5, 2025

Celebrate St. Patrick’s Day in Downtown Easton!

Get ready to wear your green and join the festivities in Easton, MD, on March 17, 2025! The annual St. Patrick’s Day Celebration, hosted by the Easton EDC, promises a lively evening filled with music, laughter, and a whole lot of community spirit.

The parade kicks off at 5:30 PM, featuring lively bands, creative floats, and decorated golf carts parading through downtown. Keep an eye out—you might even spot some familiar faces from Coldwell Banker Chesapeake joining the fun!

The excitement doesn’t end with the parade! Stick around for the fan-favorite St. Patrick’s Day Potato Race, hosted by the Talbot County Young Professionals, immediately following the parade. This quirky and fast-paced event is sure to bring plenty of laughs and cheer.

Whether you’re a longtime resident or just visiting, this is the perfect way to embrace the luck of the Irish and enjoy an evening of community fun. We hope to see you there—don’t forget to wear your green!

Happy St. Patrick’s Day from all of us at Coldwell Banker Chesapeake! 💚

Buying A Home February 27, 2025

Historic Home Buying Guide

Your Guide to Buying a Historic Home on the Eastern Shore

Maryland’s Eastern Shore is home to some of the most charming and historic properties in the region. If you’ve ever dreamed of owning a piece of history, buying a historic home in Kent County, Queen Anne’s County, Talbot County, or Cecil County might be the perfect choice for you. From colonial estates in Chestertown to waterfront homes in Easton, the Eastern Shore offers a variety of unique real estate opportunities. However, purchasing a historic property comes with its own set of considerations. Here’s what you need to know before making your investment.

1. The Charm and Appeal of Historic Homes

Historic homes offer timeless elegance, showcasing craftsmanship that’s hard to find in modern construction. From intricate moldings and original hardwood floors to stately fireplaces and wraparound porches, these properties provide character and unique architectural details. Many homes in Chesapeake City and Middletown, DE, reflect the rich history of the region while offering breathtaking views of the Chesapeake Bay.

2. Understanding Historic Preservation Laws

Many historic homes on the Eastern Shore fall under local or national historic district regulations. If a property is listed on the National Register of Historic Places or is located in a protected district, homeowners may need to follow specific guidelines for renovations and restorations. Before purchasing, it’s essential to research local preservation laws and ensure you’re prepared for any restrictions.

3. Inspections Are a Must

Buying a historic home requires a specialized home inspection. Many older properties may have outdated wiring, plumbing, or structural issues that require repairs. Hiring an inspector experienced with historic real estate can help identify potential challenges and costs before you commit to a purchase.

4. Financing and Insurance Considerations

Financing a historic home may differ from a traditional mortgage. Some buyers may qualify for renovation loans or historic preservation grants to assist with repairs. Additionally, insurance for historic homes can sometimes be more expensive, so it’s crucial to work with an insurer familiar with older properties.

5. Tax Incentives and Grants

The good news is that many historic homeowners may qualify for tax credits or grants to offset renovation costs. Maryland and Delaware both offer incentives for preserving and restoring historic properties. Working with a real estate agent familiar with local programs can help you take advantage of these benefits.

6. Work with a Local Real Estate Expert

Navigating the historic home-buying process requires the expertise of a knowledgeable real estate agent. At Coldwell Banker Chesapeake, our agents specialize in Eastern Shore real estate, including waterfront homes, historic estates, and charming colonial properties. We can help you find the perfect home while ensuring you understand the unique aspects of owning a historic property.

Find Your Dream Historic Home

If you’re considering purchasing a historic home in Maryland or Delaware, Coldwell Banker Chesapeake is here to guide you. Visit www.cbchesapeake.com to explore current listings and connect with a local expert who can help you every step of the way.

 

Lifestyle February 19, 2025

Sip and Stroll 2025

Join Coldwell Banker Chesapeake for Sip & Stroll in Historic Chesapeake City!

It’s time for the Chesapeake City Chamber of Commerce Sip & Stroll!  Mark your calendars for February 22, 2025, from 1 PM to 4 PM and get ready for an afternoon of sipping, strolling, and discovering all that historic Chesapeake City has to offer!

Coldwell Banker Chesapeake is thrilled to be part of this exciting event, and we invite you to stop by our Chesapeake City office at 200 Bohemia Avenue, Suite 2 for food, fun, and refreshments while you enjoy the day. Whether you’re a local or visiting for the event, we’d love to meet you and chat about all things real estate on the Eastern Shore.

306 Bohemia, Chesapeake City, MD

Historic Gem in the Heart of Chesapeake City. 306 Bohemia Avenue will be open for touring 2/22/25 Presented by Tinamarie Reamy.

While you’re in town, don’t miss the opportunity to tour a stunning historic home at 306 Bohemia Avenue, listed by our very own Tinamarie Reamy. This incredible property will be open for tours during Sip & Stroll—offering you a rare chance to experience its charm and character firsthand.

So grab your tasting glass, enjoy the event, and make sure to swing by Coldwell Banker Chesapeake for a warm welcome. See you there!

For more details, feel free to reach out to us at 410-885-2200 or visit www.cbchesapeake.com.

About Coldwell Banker Chesapeake
With over 50 agents, three conveniently located offices, and the ability to serve clients anywhere, Coldwell Banker Chesapeake is your go-to for exceptional real estate services. Whether you’re in Easton, Chestertown, or Chesapeake City, our local experts are ready to assist. As Maryland’s top-ranked Coldwell Banker, we’re committed to providing top-tier service. Visit www.cbchesapeake.com for your real estate needs, or explore career opportunities at www.cbchesapeakecareer.com.
Agent Profiles February 11, 2025

Lisa Raffetto Receives Lifetime Achievement Award

 

 

Elizabeth “Lisa” Purnell Raffetto Honored with BAAR’s 2025 Lifetime Realtor Award

Coldwell Banker Chesapeake Real Estate is thrilled to celebrate Elizabeth “Lisa” Purnell Raffetto, who was recently honored with both the 2025 Lifetime Realtor Award and the 2024 Diamond Award by the Bay Area Association of Realtors (BAAR). These prestigious accolades recognize Lisa’s exceptional career, unwavering dedication, and lasting impact on the real estate industry and the communities she serves.

An Afternoon of Recognition at the BAAR Ignite Event

Lisa was presented with these awards on February 10th at the BAAR Ignite Event at the Hyatt Place Kent Island in Grasonville, MD. Surrounded by fellow colleagues, brokers, and industry vendors, she was recognized for her outstanding sales performance and decades of leadership in real estate. The event was a testament to the admiration and respect Lisa has earned throughout her 35-year career.

A Legacy of Excellence in Real Estate

Lisa began her real estate career in 1989, establishing herself in the Eastern Shore market in 1991. She is known for her expertise in historic homes, waterfront estates, and farms, consistently ranking as a top producer.

Lisa P. Raffetto

  • Past President of the BAAR Board
  • Two-term District Vice President for the Maryland Association of Realtors (MAR), representing six counties
  • Chair of the Grievance Committee for BAAR for over a decade
  • Chair of the Education Committee for eight years
  • Leadership roles in Fair Housing, Membership, and Leadership Academy committees for MAR
  • Graduate of the Realtor Institute (GRI) certification (1994)
  • Associate Broker designation (1996)
  • Recipient of multiple BAAR honors, including:
    • Rookie of the Year (1994)
    • Realtor of the Year (1999)
    • Distinguished Sales Associate (2000)
    • J. Hurst Purnell Award for Integrity (2017)

Beyond Real Estate: A Champion for Community and Preservation

Lisa’s contributions extend far beyond her successful transactions. She is a passionate advocate for historical preservation, tourism, and civic engagement, with active involvement in:

  • Kent County and Prince George’s County Garden Clubs
  • Kent County Tourism Committee
  • National Trust for Historic Preservation
  • Kent and Queen Anne’s County Historical Societies
  • Prince George’s Cultural and Historical Trust (Founding Member)
  • Leadership roles at Shrewsbury Church, Kennedyville, including serving on the Vestry & Search Committee.

A Word from Coldwell Banker Chesapeake’s Broker

“Lisa Raffetto exemplifies professionalism, integrity, and service. Her contributions to the real estate industry, her clients, and our community have been nothing short of extraordinary. It is an honor to see her recognized with both the Lifetime Realtor Award and the Diamond Award—testaments to her hard work, leadership, and dedication over the years.”

Hugh M. Smith, Broker/Owner, Coldwell Banker Chesapeake

A Lasting Legacy

Lisa Raffetto’s name is synonymous with excellence in real estate, and these latest awards reinforce her impact, passion, and commitment to her clients and peers. As she continues to shape the industry with her expertise and mentorship, this recognition is a well-earned milestone in an already remarkable career.

Please join us in congratulating Lisa Raffetto on these incredible achievements!

About Coldwell Banker Chesapeake
With over 50 agents, three conveniently located offices, and the ability to serve clients anywhere, Coldwell Banker Chesapeake is your go-to for exceptional real estate services. Whether you’re in Easton, Chestertown, or Chesapeake City, our local experts are ready to assist. As Maryland’s top-ranked Coldwell Banker, we’re committed to providing top-tier service. Visit www.cbchesapeake.com for your real estate needs, or explore career opportunities at www.cbchesapeakecareer.com.

© 2025 Coldwell Banker Chesapeake Real Estate | www.cbchesapeake.com

LifestyleUncategorized February 3, 2025

Warm Up at Coldwell Banker Chesapeake

 

 During the Chesapeake Fire & Ice Festival

The Chesapeake Fire & Ice Festival is back in Easton, MD, and it’s set to ignite the weekend with vibrant ice sculptures, live music, and plenty of fun activities for all ages! Taking place from February 14-15, 2025, the event promises to be a fantastic way to celebrate the winter season with family and friends. The festival will kick off on Friday, February 14 from 5:00 PM to 9:00 PM and continue on Saturday, February 15 from 11:00 AM to 8:00 PM, with an exciting lineup of live ice carvings, outdoor ice skating, a Fire Trail, and so much more!

Stop By Coldwell Banker Chesapeake

After taking in the festival’s highlights, stop by Coldwell Banker Chesapeake at 17B N Harrison Street to warm up! Our office is just around the corner from all the action, offering a cozy spot to rest and enjoy a snack. While you’re here, you can:

  • Meet Our Agents: Our friendly, experienced agents are available to chat about real estate or just to say hello.
  • Warm Up: Take a break from the cold and warm up with a hot drink and light snacks.
  • Enjoy the Festival: We’re perfectly located for you to easily return to the festival’s activities.

Festival Highlights

  • Ice Sculptures & Live Carvings: Marvel at the intricate ice sculptures displayed throughout downtown Easton, with live carving demonstrations on Friday evening and Saturday afternoon.
  • Outdoor Ice Skating: Glide across the synthetic ice rink in the Visitor Center parking lot, open both Friday and Saturday.
  • Fire Trail & Special Events: Explore the Fire Trail with festive offerings from local businesses, including live music, fire pits, and exciting sales like 50% off at Sailor and 40% off at The Mercantile.
  • Family Fun: The Talbot County Free Library will host a special children’s icehouse, and Kiln Born Creations will offer a Kids Night Out for ages 6-12.

Details

Location: Coldwell Banker Chesapeake, 17B N Harrison Street, Easton, MD

Festival Hours:

  • Friday, Feb 14: 5:00 PM – 9:00 PM
  • Saturday, Feb 15: 11:00 AM – 8:00 PM

Stop by for a warm and welcoming break at Coldwell Banker Chesapeake during the Chesapeake Fire & Ice Festival!

#FireAndIceFestival #EastonMD #ColdwellBankerChesapeake #ChesapeakeFireAndIce #MeetOurAgents

 

Lifestyle February 3, 2025

Why People Are Moving to the Eastern Shore

 

The Eastern Shore: A Hidden Gem for Homebuyers

The Eastern Shore of Maryland and Delaware is quickly becoming a top choice for homebuyers. With beautiful waterfront properties, charming small towns, and a relaxed coastal lifestyle, it’s no surprise that more people are making the move.

Whether you’re looking for a vacation home, a retirement retreat, or a fresh start, the Eastern Shore offers a perfect blend of affordability, natural beauty, and community charm.

Top Reasons People Are Moving to the Eastern Shore

1. Affordable Waterfront Living

Compared to other coastal areas like Annapolis or the Outer Banks, the Eastern Shore offers affordable waterfront homes with stunning views and private docks.

2. Small-Town Charm & Tight-Knit Communities

From St. Michaels to Chestertown, the Eastern Shore is full of historic small towns with friendly communities, farmers’ markets, and waterfront dining.

3. Outdoor Recreation & Coastal Living

Residents enjoy:

  • Boating & Sailing on the Chesapeake Bay
  • Fishing & Crabbing in world-class waters
  • Hiking & Biking through scenic trails
  • Birdwatching & Wildlife Exploration in the wetlands

4. Lower Cost of Living & Taxes

Compared to big cities like Washington, D.C., Baltimore, and Philadelphia, the Eastern Shore offers:

  • Lower property taxes
  • More affordable real estate
  • A lower overall cost of living

5. A Slower, More Relaxed Pace of Life

Life on the Eastern Shore is peaceful—no traffic jams, just stunning sunsets, waterfront views, and friendly neighbors.

6. A Booming Real Estate Market

With more people working remotely, demand for homes on the Eastern Shore is increasing. Home values are rising, making it a smart investment for buyers and investors.

Should You Move to the Eastern Shore?

If you’re looking for:

  • A beautiful waterfront home without the high price tag
  • A friendly, small-town community
  • A slower pace of life with outdoor adventure
  • Lower taxes and cost of living

Then the Eastern Shore might be your perfect destination!

Ready to make the move?

Let our Coldwell Banker Chesapeake real estate experts help you find the perfect home.

🔗 Browse Properties for Sale

 

 

About Coldwell Banker Chesapeake

With over 50 agents, three conveniently located offices, and the ability to serve clients anywhere, Coldwell Banker Chesapeake is your go-to for exceptional real estate services. Whether you’re in Easton, Chestertown, or Chesapeake City, our local experts are ready to assist. As Maryland’s top-ranked Coldwell Banker, we’re committed to providing top-tier service. Visit www.cbchesapeake.com for your real estate needs, or explore career opportunities at www.cbchesapeakecareer.com.

Lifestyle January 29, 2025

Luxury Real Estate Trends

 

 

in the Chesapeake Bay Region

The Changing Landscape of Luxury Homes in Chesapeake Bay

Luxury real estate in the Chesapeake Bay area is evolving. From historic waterfront estates to modern coastal retreats, buyers are looking for homes that blend charm, convenience, and cutting-edge amenities.

At Coldwell Banker Chesapeake, we specialize in luxury real estate. Our team includes 11 Coldwell Banker Global Luxury Specialists, elite agents trained to handle high-end properties with expertise and global reach.

Top Luxury Real Estate Trends in Chesapeake Bay

1. High Demand for Waterfront Homes

Luxury buyers continue to seek waterfront properties with private docks, panoramic views, and easy access to boating and water activities. Popular areas include Annapolis, St. Michaels, Easton, North East, Oxford, and Chestertown.

2. Smart Homes & High-Tech Features

Luxury homes in Chesapeake Bay are embracing technology. Smart security systems, automated lighting, and remote-controlled climate settings are now standard features. Buyers want homes that provide convenience, efficiency, and top-tier security.

3. Sustainability & Eco-Friendly Design

Green living is a priority for today’s luxury buyers. Features like solar panels, energy-efficient appliances, and eco-friendly building materials are in demand. Many waterfront homeowners are also investing in living shorelines to prevent erosion while protecting the environment.

4. Home Offices & Multi-Purpose Spaces

The rise of remote work has increased demand for dedicated home offices, fitness rooms, and entertainment spaces. Buyers want homes that provide comfort, privacy, and flexibility.

5. Historic Homes with Modern Upgrades

Chesapeake Bay is known for its historic charm. Many buyers are looking for renovated historic homes that feature original hardwood floors, fireplaces, and colonial architecture, but with modern updates like gourmet kitchens and spa-like bathrooms.

Why Choose a Coldwell Banker Global Luxury Specialist?

Luxury real estate requires expert representation. At Coldwell Banker Chesapeake, we are proud to have 11 Coldwell Banker Global Luxury Specialists—agents who have completed exclusive training to serve high-end buyers and sellers.

Meet Our Luxury Experts:

What Sets a Global Luxury Specialist Apart?

  • Exclusive Training & Certification – Expertise in high-end real estate.
  • Luxury Marketing & Global Reach – Access to an international network of affluent buyers.
  • Personalized Service – Tailored strategies to showcase luxury homes.

The Future of Chesapeake Bay’s Luxury Market

Luxury real estate in Chesapeake Bay is strong and growing. The region’s waterfront lifestyle, historic charm, and modern amenities make it a prime destination for high-end buyers.

Thinking About Buying or Selling a Luxury Home?

Let our Coldwell Banker Chesapeake Global Luxury Specialists guide you.

 

About Coldwell Banker Chesapeake

With over 50 agents, three conveniently located offices, and the ability to serve clients anywhere, Coldwell Banker Chesapeake is your go-to for exceptional real estate services. Whether you’re in Easton, Chestertown, or Chesapeake City, our local experts are ready to assist. As Maryland’s top-ranked Coldwell Banker, we’re committed to providing top-tier service. Visit www.cbchesapeake.com for your real estate needs, or explore career opportunities at www.cbchesapeakecareer.com.

Main Street Home Loans January 22, 2025

Ready to Buy a Home?

 

 Here’s Your Pre-Approval Checklist

By Trent Riggs, Loan Originator with Main Street Home Loans

Are you ready to start your journey toward homeownership? Congratulations! Before you dive into the exciting process of house hunting, it’s essential to get pre-approved for a mortgage. Pre-approval not only strengthens your offer but also gives you a clear understanding of your budget, so you can shop with confidence. Here’s everything you need to know about preparing for the pre-approval process.

Why Is Pre-Approval Important?

Getting pre-approved for a mortgage is the first step in your home-buying journey. It allows lenders to verify your financial health and determine how much you can borrow. A pre-approval letter shows sellers and real estate agents that you’re a serious buyer, which can give you an edge in a competitive market. To ensure the process is as smooth and stress-free as possible, it’s helpful to gather all necessary documentation ahead of time.

Pre-Approval Checklist: What You’ll Need

  • Income Verification
    • Recent pay stubs or a profit-and-loss (P&L) statement if you’re self-employed.
    • Tax returns from the past two years to provide a comprehensive look at your financial history.
  • Benefits Statements (if applicable)
    • Social Security or disability income documentation.
    • Pension statements if you’re retired or receiving a pension.
  • Asset Verification
    • Bank statements for the past two to three months to verify your savings and cash reserves.
    • Retirement account statements (401(k), IRA, etc.) if applicable.
  • Personal Identification
    • A copy of your driver’s license or state-issued ID to verify your identity.
  • Legal Documents (if applicable)
    • Divorce decree if you’ve gone through a divorce and it impacts your finances.
    • Bankruptcy discharge papers if you’ve previously filed for bankruptcy.

Tips for a Smooth Pre-Approval Process

  1. Be Organized: Have all your documents readily available to avoid delays.
  2. Be Honest: Provide accurate information about your income, assets, and debts.
  3. Communicate with Your Loan Officer: Stay in touch with your loan officer to quickly address any questions or additional requirements.

Ready to Get Started?

If you’re ready to take the next step toward homeownership, I’m here to help! At Main Street Home Loans, we work closely with Coldwell Banker Chesapeake to ensure a seamless experience from pre-approval to closing.

Visit my website or contact me today to get started on your pre-approval process. Let’s make your dream home a reality!

Contact Trent Riggs and Coldwell Banker Chesapeake

With Trent Riggs and Coldwell Banker Chesapeake Real Estate by your side, your path to homeownership has never been easier. If you’re ready to make 2025 the year you achieve your dream, give Trent a call today! Together, we’ll make the journey seamless, exciting, and rewarding.

Contact Trent Riggs at Main Street Home Loans:

Trent Riggs
Home Loan Consultant

NMLS #2143938
Phone: 410-490-7061

triggs@mainstreethl.com
www.mainstreethomeloans.com/triggs

 

Lifestyle January 14, 2025

Cambridge Ice & Oyster Festival 2025

 

Discover the Magic of the Cambridge Ice & Oyster Festival 2025

 

Get ready for an unforgettable experience at the Cambridge Ice & Oyster Festival, a premier winter event on Maryland’s Eastern Shore! Mark your calendar for January 17-18, 2025, and prepare to enjoy an incredible celebration of art, local cuisine, and community.This two-day festival is perfect for families, friends, and anyone looking to kick off the new year with a unique and vibrant event. From dazzling ice sculptures to delicious oysters and live entertainment, there’s something for everyone.

Event Highlights

  • Dates and Times:
    • Friday, January 17: 5 PM – 8 PM
    • Saturday, January 18: 11 AM – 7 PM
  • Locations:
    • Downtown Cambridge: Wander through the historic streets and discover stunning ice sculptures created by talented artists.
    • The Packing House: Experience live music, interactive ice carving demonstrations, and a variety of local food vendors.
    • Hyatt Regency Chesapeake Bay Resort and Spa: Skate on a synthetic ice rink, visit the winter village, and soak up the cozy ambiance.

What to Expect

  • Mesmerizing Ice Sculptures: Marvel at intricately carved ice sculptures displayed throughout downtown Cambridge. These frozen works of art are crafted by skilled sculptors and make for the perfect photo opportunity.
  • Oysters Galore: Sample a variety of oysters prepared in every way imaginable—raw, roasted, fried, and more! Pair your selections with craft beer, wine, or a signature cocktail for the ultimate culinary treat.
  • Meet Our Realtors: Coldwell Banker Chesapeake Realtors Katie Moore and Wes Russum will be attending the festival! Stop by to chat about the local real estate market, learn more about our services, and pick up helpful resources and giveaways.
  • Live Entertainment: Enjoy performances by local musicians that will keep the atmosphere lively and fun. The Packing House will also host interactive ice-carving demonstrations that you won’t want to miss.
  • Family-Friendly Fun: The festival is packed with activities for all ages, including ice skating, games, and opportunities to explore Cambridge’s rich history and charm.

Supporting the Community

The Cambridge Ice & Oyster Festival is more than just a good time—it’s a celebration of local businesses, artists, and"Ice sculpture at Cambridge Ice & Oyster Festival 2024. organizations. By attending, you’re supporting the community and contributing to the Eastern Shore’s vibrant culture.

Plan Your Visit

Shuttle Service: Convenient shuttles will be available between event locations, making it easy to explore everything the festival has to offer. Check out the shuttle map here.

Accommodations: Turn your visit into a weekend getaway by staying at the Hyatt Regency Chesapeake Bay or one of Cambridge’s charming inns and B&Bs.

Join Us!

Don’t miss this year’s Cambridge Ice & Oyster Festival! Whether you’re a seafood lover, an art enthusiast, or just looking for a fun winter outing, this event has it all.

Learn more and purchase tickets at IceOysterFest.com.

Make sure to follow Coldwell Banker Chesapeake on social media for more community event spotlights, local news, and real estate opportunities across Maryland’s Eastern Shore. We can’t wait to see you there!

About Coldwell Banker Chesapeake

With over 50 agents, three conveniently located offices, and the ability to serve clients anywhere, Coldwell Banker Chesapeake is your go-to for exceptional real estate services. Whether you’re in Easton, Chestertown, or Chesapeake City, our local experts are ready to assist. As Maryland’s top-ranked Coldwell Banker, we’re committed to providing top-tier service. Visit www.cbchesapeake.com for your real estate needs, or explore career opportunities at www.cbchesapeakecareer.com.

Market Updates January 8, 2025

November 2024 Trends

 

What November 2024 Trends Reveal About the Maryland Eastern Shore Real Estate Market

 

As 2024 comes to a close, the Maryland Eastern Shore real estate market shows promising yet complex dynamics. The Housing Market Nov 2024, prepared by Bright Research, highlights several key trends that shape the current market environment. Here’s an in-depth look at the numbers and what they mean for buyers, sellers, and agents.

Market Highlights for November 2024

  • Sales Activity Remains Steady: Closed sales increased slightly by 0.7% year-over-year, with 289 properties sold in November 2024. Year-to-date, sales have risen 5.6%, reflecting consistent growth despite seasonal cooling.
  • Rising Home Prices: The median sold price reached $402,500, up 10.4% from November 2023. This marks the third consecutive month of double-digit price appreciation.
  • Inventory Trends: Active listings increased by 15.8%, continuing a 16-month growth streak. However, new listings dropped 10.2% compared to last year, creating mixed signals for market supply.
  • Buyer and Seller Dynamics: Median days on the market increased to 19 days, up three days from November 2023. Showings rose by 6.0%, indicating strong buyer interest despite higher mortgage rates.

County-Specific Trends

Talbot County Housing Market Trends – November 2024

  • Closed Sales: 61 homes sold, up 69.4% compared to November 2023.
  • Median Sold Price: $610,000, up 8.0%, showcasing continued price growth.
  • Median Days on Market: 27 days, 12 days longer than November 2023, indicating slightly slower sales.
  • New Pending Sales: Increased 36.4%, showing strong buyer interest.
  • New Listings: Grew by 30.6%, adding much-needed inventory to the market.
  • Active Listings: Up 59.3%, reflecting significant inventory growth.
  • Months of Supply: 3.74 months, up 1.23 months, moving toward a more balanced market.

Kent County Housing Market Trends – November 2024

  • Closed Sales: 24 homes sold, down 7.7% compared to November 2023.
  • Median Sold Price: $367,500, up 14.8%, reflecting strong appreciation.
  • Median Days on Market: 13 days, 20 days fewer than November 2023, indicating faster sales.
  • New Pending Sales: Increased 4.8%, showing a modest uptick in buyer activity.
  • New Listings: Grew by 5.3%, contributing to slightly higher availability.
  • Active Listings: Up 25.7%, signaling improved inventory.
  • Months of Supply: 3.52 months, up 0.72 months, moving toward market balance but still favoring sellers.

Cecil County Housing Market Trends – November 2024

  • Closed Sales: 76 homes sold, down 20.8% compared to November 2023.
  • Median Sold Price: $367,500, up 6.1%, showing steady price appreciation.
  • Median Days on Market: 12 days, 2 days longer than November 2023, indicating stable demand.
  • New Pending Sales: Dropped 35.6%, reflecting a slowdown in buyer activity.
  • New Listings: Declined 7.9%, reducing new inventory options.
  • Active Listings: Decreased by 6.0%, limiting the available supply.
  • Months of Supply: 2.19 months, down 0.22 months, keeping it firmly a seller’s market.

What Does This Mean for Buyers and Sellers?

For Buyers: While rising inventory offers more options, competitive pricing remains a challenge. Mortgage rates are projected to decline in 2025, potentially easing affordability concerns.

For Sellers: Higher home prices provide opportunities for increased returns. However, fewer new listings suggest that properly marketing your property is more important than ever.

Looking Ahead to 2025

Bright Research anticipates increased sales activity in 2025, driven by declining mortgage rates and a steady rise in inventory. Despite this, upward price trends are expected to continue as buyer demand remains strong.

The Maryland Eastern Shore housing market is evolving, making now the perfect time to connect with a local Coldwell Banker Chesapeake real estate professional for expert guidance tailored to your needs.

About Coldwell Banker Chesapeake

With over 50 agents, three conveniently located offices, and the ability to serve clients anywhere, Coldwell Banker Chesapeake is your go-to for exceptional real estate services. Whether you’re in Easton, Chestertown, or Chesapeake City, our local experts are ready to assist. As Maryland’s top-ranked Coldwell Banker, we’re committed to providing top-tier service. Visit www.cbchesapeake.com for your real estate needs, or explore career opportunities at www.cbchesapeakecareer.com.

© 2025 Coldwell Banker Chesapeake Real Estate. All Rights Reserved.