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. | June 2025
Home Demand Index
The Home Demand Index (HDI) for the Washington D.C. metro area registered at 101 this month, unchanged from the previous month and up from 88 during the same period last year. This places the region in the Steady demand category. While monthly activity held steady, buyer interest remains stronger than a year ago, reflecting the market’s overall resilience. Stable employment conditions, a diverse economic base, and relatively consistent demand across various home types continue to support market strength. The flat month-over-month trend aligns with typical seasonal patterns.
Buyer demand increased in the luxury single-family home segment, with the index rising from 144 to 158, the strongest monthly gain across all segments and driven by sustained interest at the high end of the market. In contrast, demand for entry-level single-family homes declined from 82 to 76, as limited inventory continues to restrict choices for buyers in this segment. The mid-market segment saw a modest increase, reflecting gradual improvement, though demand remains constrained by ongoing supply shortages. These shifts highlight how limited inventory is shaping activity differently across price tiers.
Monthly Statistics for June 2025
Home Demand
Index
Index
101
(Steady)
Home Demand Index
from prior month
from prior month
101
Home Demand Index
from prior year
from prior year
88
Index change
from prior month
from prior month
0%
Index change from
same time last year
same time last year
14.8%
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | June 2025
Home Demand Index
The Home Demand Index (HDI) for the Philadelphia metro area stands at 90 this month, down slightly from 91 in the previous month but up from 87 during the same period last year. The current reading places the market in the Steady demand category, indicating relatively stable buyer activity. The minor month-over-month dip may reflect typical seasonal slowing, combined with ongoing affordability challenges and limited inventory. Despite this modest softening, the market remains broadly balanced, with consistent buyer engagement across much of the metro area.
Property type trends across the Philadelphia metro indicate selective buyer activity. Entry-level single-family homes (under $350,000) dipped to an index of 82, down from 84 last month but up from 75 a year ago, reflecting continued affordability challenges. Mid-range single-family homes ($350,000–$765,000) posted an index of 84, slightly up from 81 last month but below 85 last year, suggesting relatively steady but soft demand. Luxury single-family homes priced over $765,000 increased to 93 from 88 last month. This figure remains above last year’s 89, indicating stable interest among affluent buyers. Entry-level condos (under $420,000) declined to 106 from 118 last month, though demand remains stronger than last year’s 98, showing ongoing interest in affordable attached options. Luxury condos (above $420,000) reached 120, which is down from 125 last month and also lower than last year’s figure. This indicates a cooling or softening demand in the upscale condo market. Townhouses, rowhouses, and twins across all price points fell to 95 from 101 last month but are up slightly from 90 a year ago, reflecting steady but softening demand.
Monthly Statistics for June 2025
Home Demand
Index
Index
90
(Steady)
Home Demand Index
from prior month
from prior month
91
Home Demand Index
from prior year
from prior year
87
Index change
from prior month
from prior month
-1.1%
Index change from
same time last year
same time last year
3.4%
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | June 2025
Home Demand Index
The Home Demand Index (HDI) for the Baltimore metro area is 95 this month, down slightly from 96 last month and slightly above the 90 reading from the same time last year. The current reading places the market in the Steady demand category. While month-over-month demand has softened slightly, the year-over-year gain points to a market that remains relatively stable, with buyer activity holding up despite potential affordability pressures or seasonal shifts.
Demand trends by property type in the Baltimore metro show a general softening from last month, with some exceptions. Entry-level single-family homes (below $360,000) posted a demand index of 68, down from 73 last month and 74 a year ago, reflecting affordability pressures and limited inventory. Mid-priced single-family homes ($360,000–$815,000) edged up to 97 from 96 last month and 90 last year, suggesting stable demand in the move-up market. Luxury single-family homes (above $815,000) rose to 133, up from 119 last month and 109 a year ago, showing continued strength at the high end. Entry-level condos (below $405,000) declined to 133 from 139, but remain well above last year’s 110, indicating ongoing interest. Luxury condos (above $405,000) fell to 151 from 171, yet demand remains high, far exceeding year-ago levels. Townhouses, rowhouses, and twin homes across all price points dipped to 93 from 98, though still slightly above last year’s 91, suggesting mild caution among attached-home buyers.
Monthly Statistics for June 2025
Home Demand
Index
Index
95
(Steady)
Home Demand Index
from prior month
from prior month
96
Home Demand Index
from prior year
from prior year
90
Index change
from prior month
from prior month
-1%
Index change from
same time last year
same time last year
5.6%
Bright MLS | T3 Home Demand Index
www.homedemandindex.com