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. | November 2026
Home Demand Index
The Home Demand Index (HDI) for the Washington DC metro area stands at 80 for this report period, down 10 points from last month’s 90 and below the 90 recorded one year ago. That leaves the market 11.1% lower both on the month and from a year ago, the sharpest monthly decline of the three Bright MLS metros and a Slow demand rating. All six home-type tiers fell on the month, with the steepest drops in luxury single-family and townhouses, signaling a broad late-fall pullback rather than weakness in one segment.
Demand by home type in Washington DC this period ranges from a high of 100 in the luxury condo tier to a low of 70 in the mid-range single-family tier, and every tier declined on the month. Condos remain the firmest segment, with entry condos at 96 and luxury condos at 100, both Steady. Single-family demand is lower: entry at 79, mid-range at 70 and luxury at 81, the last down 15 points on the month, all rated Slow. The townhouse/rowhouse format reads 85, down 13 points from last month’s 98. Inventory runs from about 3.3 months in mid-range single-family to 7.5 months in entry condos, the loosest supply among the three metros’ segments.
Monthly Statistics for November 2026
Home Demand
Index
Index
80
(Slow)
Home Demand Index
from prior month
from prior month
90
Home Demand Index
from prior year
from prior year
90
Index change
from prior month
from prior month
-11.1%
Index change from
same time last year
same time last year
-11.1%
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | November 2026
Home Demand Index
The Home Demand Index (HDI) for the Philadelphia metro area stands at 76 for this report period, down 3 points from last month’s 79 and below the 81 recorded one year ago. That leaves the market 3.8% lower on the month and 6.2% lower than a year ago, a milder cooling than in neighboring metros that keeps demand in Slow territory as the fall season winds down. All six home-type tiers eased on the month, though most moves were modest, pointing to a gradual seasonal slowdown rather than a sharp break.
Demand by home type in Philadelphia this period ranges from a high of 105 in the luxury condo tier to a low of 63 in the luxury single-family tier, and every tier slipped on the month. Condos remain the strongest segment, with entry condos at 96 and luxury condos at 105, both Steady. Single-family demand is weaker: entry at 75 (Slow), mid-range at 68 and luxury at 63 (both Limited), although luxury single-family is the only tier above its year-ago level, up 1 point. The townhouse/rowhouse format, the metro’s highest-volume segment, reads 86. Inventory runs from about 2.6 months in mid-range single-family to 6.3 months in luxury condos.
Monthly Statistics for November 2026
Home Demand
Index
Index
76
(Slow)
Home Demand Index
from prior month
from prior month
79
Home Demand Index
from prior year
from prior year
81
Index change
from prior month
from prior month
-3.8%
Index change from
same time last year
same time last year
-6.2%
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | November 2026
Home Demand Index
The Home Demand Index (HDI) for the Baltimore metro area stands at 78 for this report period, down 5 points from last month’s 83 and below the 89 recorded one year ago. That leaves the market 6.0% lower on the month and 12.4% lower than a year ago, extending the fall cooling and keeping a Slow demand rating as the market heads toward its seasonal winter low. The softening is broad: all six home-type tiers eased on the month, which points to a metro-wide seasonal and affordability-driven pullback rather than a shift in any single segment.
Demand by home type in Baltimore this period ranges from a high of 108 in the luxury condo tier to a low of 73 in the entry single-family tier, and every tier declined on the month. The condo tiers still screen strongest, with entry condos at 102 and luxury condos at 108, both Steady, though luxury condo demand is down 53 points from an unusually strong reading a year ago. Single-family demand sits lower across all three price bands: entry at 73, mid-range at 76 and luxury at 78, the last down 22 points year over year, all rated Slow. The townhouse/rowhouse format reads 82, down 7 points on the month. Inventory runs from about 3.3 months in mid-range single-family to 5.6 months in luxury condos, leaving the metro balanced-to-soft rather than tight.
Monthly Statistics for November 2026
Home Demand
Index
Index
78
(Slow)
Home Demand Index
from prior month
from prior month
83
Home Demand Index
from prior year
from prior year
89
Index change
from prior month
from prior month
-6.0%
Index change from
same time last year
same time last year
-12.4%
Bright MLS | T3 Home Demand Index
www.homedemandindex.com