What is the Home Demand Index?
The Home Demand Index (HDI) is the nation’s only local housing market index that tracks pre-sale activity to measure housing market competitiveness. The HDI uses data on pre-sale activities, including in-person showings of homes and views of homes online, to measure housing market activity across different geographies and types of homes. The data used to construct the HDI are the most accurate and up-to-date information from the real estate agents and prospective buyers and sellers that are active in the market.
While most housing market indices are based on history, the HDI provides forward-looking insights to real estate professionals and consumers to help make better decisions in a rapidly changing real estate market
Greater Metropolitan Market Areas
The Bright MLS |T3 Home Demand Index currently covers the three greater metropolitan market areas served by Bright MLS, namely the Greater Philadelphia Area (in blue), the Greater Washington D.C. Area (in gray), and the Greater Baltimore Area (in orange).
Colors are provided for visual identification of each market area and do not correlate to index activity level. Make a selection on the map to go to the report for a market area or view an overview of each market area here..
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Washington D.C. | April 2025
Home Demand Index
The current Home Demand Index (HDI) for Washington D.C. is 92, marking an increase from last month’s 77 and a slight rise from last year’s 87. This month-over-month improvement suggests growing buyer interest, possibly influenced by favorable market conditions or a shift in inventory levels. The year-over-year stability indicates that overall demand remains steady despite broader economic changes.
Demand for luxury single-family homes has surged, with the index increasing to 124 from last month’s 94, indicating significant buyer interest. Entry-level condos saw a smaller increase from last month’s 102 to 109, slightly higher than last year’s 104, reflecting ongoing affordability concerns. The substantial rise in mid-market demand suggests broader improvements in market conditions, while entry-level demand continues to be constrained by limited inventory and higher price sensitivity.
Monthly Statistics for April 2025
Home Demand
Index
Index
92
(Steady)
Home Demand Index
from prior month
from prior month
77
Home Demand Index
from prior year
from prior year
87
Index change
from prior month
from prior month
19.5%
Index change from
same time last year
same time last year
5.7%
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | April 2025
Home Demand Index
The Home Demand Index (HDI) for Philadelphia is 86, reflecting an increase from last month’s 72 but nearly unchanged from last year’s 85. This month-over-month improvement indicates growing buyer interest, potentially driven by seasonal demand or economic stabilization. However, the slight year-over-year decrease suggests that demand remains somewhat restrained compared to the previous year.
Demand for entry-level single-family homes increased to 84, up from 81 last year, suggesting heightened interest as buyers seek more affordable housing options. The luxury single-family segment saw a significant rise to 71, up from 52 last month, indicating a surge in buyer interest or potential adjustments in inventory levels. This shift highlights the dynamic market conditions across various price tiers.
Monthly Statistics for April 2025
Home Demand
Index
Index
86
(Slow)
Home Demand Index
from prior month
from prior month
72
Home Demand Index
from prior year
from prior year
85
Index change
from prior month
from prior month
19.4%
Index change from
same time last year
same time last year
1.2%
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | April 2025
Home Demand Index
The Home Demand Index (HDI) for Baltimore stands at 88 this report period, reflecting an increase from last month’s 78 but a slight decline from last year’s 90. This suggests a strengthening in buyer activity compared to the previous month, but the year-over-year decline indicates continued challenges. Market conditions are influenced by inventory constraints and affordability concerns.
Entry-level single-family homes experienced a modest increase in demand, likely driven by affordability concerns and limited inventory. Mid-market single-family homes saw a moderate improvement, reflecting growing buyer confidence. Luxury single-family homes exhibited the strongest growth, suggesting renewed interest from affluent buyers. Entry-level condos shifted from steady to moderate demand, while luxury condos saw heightened interest, reflecting ongoing competitiveness in the high-end market. Townhouses and similar properties showed increasing interest, though inventory remains constrained.
Monthly Statistics for April 2025
Home Demand
Index
Index
88
(Slow)
Home Demand Index
from prior month
from prior month
78
Home Demand Index
from prior year
from prior year
90
Index change
from prior month
from prior month
12.8%
Index change from
same time last year
same time last year
-2.2%
Bright MLS | T3 Home Demand Index
www.homedemandindex.com