Market Reports

Maryland New-Construction Report: Sep 16-30, 2026

This is Platract's Maryland new-construction report for September 16 to 30, 2026: new-construction sales from Bright MLS for the period, then the newest public figures available on October 7, 2026. Every figure below names its source and its period.

New-construction sales in Maryland, September 16 to 30, 2026

Closed new-construction sales in Bright MLS for Maryland from September 16 to 30, 2026, by property type:

Bright MLS new-construction sales, September 16 to 30, 2026, by property type
Property typeSoldMedian sold priceAverage days on marketOriginal list to sold price
Single-Family Homes83$668,00042 days100.6%
Townhomes126$471,00024 days100%
Condos27$587,00030 days101.8%
  • Active new-construction listings: 1,600
  • New-construction listings under contract: 1,100
  • Months of supply: 2.7

The counties that stood out in the period: Prince George's County, Charles County and Anne Arundel County. They are the period's highlights, not the boundary of the figures above.

Top builders by closed new-construction sales in the period: D.R. Horton Homes, Ryan Homes, Pulte Homes.

Based on information from Bright MLS for September 16, 2026 through September 30, 2026; data is reliable but not guaranteed.

Source: Bright MLS. These are new-construction sales only; the public figures below count all new housing.

Building permits in Maryland

In August 2026, building permits authorized 967 new privately-owned housing units in Maryland, 571 of them in single-unit structures. In August 2025 the count was 902, with 748 in single-unit structures. That is more units than a year earlier, and fewer single-unit ones than in August 2025.

Source: U.S. Census Bureau, Building Permits Survey, via FRED (MDBPPRIV, MDBP1FH). The state counts are not seasonally adjusted, so each month is set against the same month a year earlier.

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Housing starts

The Census Bureau publishes housing starts for the nation and its four regions, not for single states; Maryland is in the South region. In August 2026, privately-owned housing starts in the South ran at a seasonally adjusted annual rate of 658,000 units, against 666,000 in August 2025. Nationally, single-family starts ran at 918,000, against 873,000 a year earlier, and all starts at 1,275,000, against 1,291,000.

Source: New Residential Construction (U.S. Census Bureau and U.S. Department of Housing and Urban Development), via FRED (HOUSTS, HOUST1F, HOUST); regions: Census Regions and Divisions.

Builder confidence

The NAHB/Wells Fargo Housing Market Index, NAHB's monthly survey of single-family builders on a scale from 0 to 100, stood at 32 in September 2026, 3 points lower than in August, as NAHB reported. NAHB reads a figure above 50 as a sign that most builders feel confident about the current and near-term outlook for housing. Builders' sales expectations for the next six months stood at 37.

Source: NAHB/Wells Fargo Housing Market Index, national figures, September 2026.

House prices

FHFA's house price index for Maryland was 722.2 in the second quarter of 2026, against 706.4 in the second quarter of 2025 (the first quarter of 1980 is 100): higher than a year earlier. The index measures price changes in repeat sales and refinancings of the same single-family homes, so it follows homes already built, not the first sale of a new one.

Source: U.S. Federal Housing Finance Agency, All-Transactions House Price Index for Maryland, via FRED (MDSTHPI).

The resale market in Bright MLS's county figures

Bright MLS published figures for August 2026, by county, every price range
AreaClosed salesMedian sold priceMedian days on marketNew listings
Montgomery County779
down 8.1% from a year earlier
$639,540
up 3.3% from a year earlier
18 days
1 day shorter than a year earlier
783
down 2.9% from a year earlier
Prince George's County600
unchanged from a year earlier
$445,000
up 1.1% from a year earlier
27 days
3 days longer than a year earlier
840
up 5.3% from a year earlier
Frederick County299
down 4.5% from a year earlier
$525,000
up 2.7% from a year earlier
25 days
6 days longer than a year earlier
362
down 3.2% from a year earlier

Based on information from Bright MLS for August 1, 2026 through August 31, 2026; data is reliable but not guaranteed.

These are Bright MLS's published figures for each county as a whole, at every price; they are not a count of new-construction sales. Source: Bright MLS market reports.

What it means for spec-home release pacing

Building permits in Maryland authorized more housing units in August 2026 than in August 2025. More permitted homes can mean more new homes competing in the same submarkets in the months ahead, so it is worth pacing spec releases community by community and checking the figures for each county before setting the next release.

A permit is the start of the pipeline, not a home for sale: Census also counts homes that are authorized but not yet started. In NAHB's September survey, builders' expectations for sales over the next six months stood at 37.

Pricing and incentives

Nationally, 38% of the builders in NAHB's September 2026 survey cut prices and 66% used sales incentives. In Maryland, FHFA's index was higher than a year earlier. Before cutting a base price, set an incentive against the resale figures above for its county: those are the homes a new one competes with.

What the data can't tell you

  • The new-construction sales at the top are the homes closed through Bright MLS in the period; a home a builder sells without listing it on the MLS is not among them.
  • Permits count homes authorized, not homes started or sold, and not every area requires a permit for construction (Census).
  • Starts are published for the nation and its four regions only, so there is no Maryland starts figure.
  • The state permit counts are not seasonally adjusted: compare a month with the same month a year earlier, not with the month before.
  • FHFA's index follows repeat sales and refinancings of existing single-family homes; it is not a price for new homes.
  • NAHB's index here is the national reading; a state or a county can run ahead of it or behind it.
  • Bright MLS's figures describe the whole market of each county at every price; they are not new-construction figures.
  • None of these figures is about one builder's own communities: your own sales, traffic and the homes you have listed are the figures that decide your next release.

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Sources

This is the first edition of this report.

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