Housing report

Maryland REALTORS® Releases Second Annual Report on the State of Housing in Maryland

Maryland real estate market

ANNAPOLIS, Md. – Maryland voters’ concerns about housing availability, housing affordability and rent affordability have increased by double digits starting in 2020, according to a survey conducted by American Strategies for Maryland REALTORS®, the largest association commercial service serving more than 28,000 REALTOR® members in Maryland.

As part of Maryland REALTORS®’ “Open Doors to Stronger Neighborhoods” campaign, which examines ways to increase housing opportunity and housing equity for all Marylanders, the association continued to take the pulse of Maryland voters about their concerns about a variety of housing. related issues.

Some of the findings include:

  • 71% say the cost of buying a home in their part of Maryland is too high, a 14 point increase since 2020.
  • Maryland voters under 50 show the biggest increase in concern over housing costs: 78% say the cost of buying a home is too high, an 18-point jump from 2020 .
  • 71% of Maryland voters say the cost of renting an apartment in their part of Maryland is too high, a 10 point increase since 2020.
  • 50% of Maryland voters say housing availability is an important or moderate issue, an increase of 14 points from 2020.
  • 41% of Maryland voters now say there are too few homes available for purchase, an 11 point jump from 2020.
  • 52% of voters say there is too little low-income housing in their part of Maryland, an increase of 6 points in 2020.
  • When it comes to seniors, 59% say there is too little housing for seniors who are looking to downsize or have special needs, an increase of 8 points.
  • After learning what an accessory dwelling unit (ADU) is – a self-contained residential unit located on the same lot as an existing single-family home that can provide additional income for homeowners or additional accommodation for family members – 76% of voters in Maryland – three out of four – approve of this idea.

Housing affordability and availability are issues that are not going away. In fact, what this survey demonstrates is that concern about these issues is growing dramatically, said Craig Wolf, 2022 President of Maryland REALTORS®. “As this concern grows, our support for solutions such as accessory living units is also increasing, which could help ease the situation. We’re excited to talk more with Maryland lawmakers about ADUs and how they could benefit homeowners and those in need of housing.

Maryland REALTORS® will host a press conference to review these results while exploring solutions, such as ADUs.

Members of the media are invited to attend the press conference, where full results will be released. To register for this conference, please click here.

To arrange an interview with Craig Wolf, 2022 Maryland REALTORS®, or Yolanda Muckle, 2022 President-Elect, please contact Dan Patrell at dan.patrell@mdrealtor.org.