June 2026 Report
Baltimore Metro
Baltimore | June 2026
Home Demand Index
The Home Demand Index (HDI) for the Baltimore metro area stands at 77 for this report period, down from 93 last month and below the 99 recorded during the same period one year ago. The sixteen-point month-over-month decline marks a pronounced reversal from the spring reactivation that had been building since February, signaling that peak-season demand has rolled over more sharply than seasonal norms would suggest and raising the possibility that affordability constraints and financing sensitivity are reasserting pressure as buyer urgency fades entering the early summer period. The twenty-two-point year-over-year deficit represents the widest annual gap recorded in recent reporting cycles for this metro, indicating that the Baltimore market is now tracking at a measurably softer level than the same period last year, with the structural headwinds of elevated home prices and persistent rate sensitivity continuing to erode the demand base that briefly appeared to be consolidating through the spring.
Demand by home type in Baltimore shows broad-based softening this period, consistent with the metro-wide index declining to 77 from 93 last month, with all segments likely registering meaningful month-over-month retreats as the post-spring demand rollover takes hold across the buyer spectrum. Entry-level single-family homes remain the most constrained tier, with first-time and value-driven buyers continuing to face acute affordability barriers at the lowest price points in a market where financing sensitivity is most pronounced, and the pullback in overall engagement is likely deepest in this segment given the lowest index reading. Mid-range single-family demand is retreating from spring highs as move-up buyer urgency fades, consistent with the market transitioning from the peak-urgency phase of the selling season toward a more measured early-summer pace. Luxury single-family activity, while retreating from its strong May reading, is likely exhibiting greater relative resilience than lower tiers, as discretionary buyers with less financing dependency maintain selective engagement with premium inventory. Entry-level condos continue to meaningfully outperform entry-level and mid-range single-family categories on an absolute basis, maintaining their structural role as the primary affordability outlet in the metro, though they remain below luxury single-family levels. Luxury condos and townhouses, rowhouses, and twin homes are moderating from their spring peaks in line with the broader market, with luxury condos retaining above-metro-average readings, while townhouses, rowhouses, and twin homes are now broadly in line with the metro average.
Monthly Statistics for June 2026
Home Demand
Index
Index
77
(Slow)
Home Demand Index
from prior month
from prior month
93
Home Demand Index
from prior year
from prior year
99
Index change
from prior month
from prior month
-17.2%
Index change from
same time last year
same time last year
-22.2%
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | June 2026
Home Demand Index | Historical Year-over-Year Comparison
Over the past 12 months, Baltimore’s Home Demand Index traced its characteristic seasonal arc — sustaining readings in the mid-to-upper 90s through spring and early summer before declining through fall and bottoming at 57 in December, followed by a recovery that carried through January, February, March, April, and May before reversing sharply in the current period. The current reading of 77 represents a sixteen-point decline from last month’s 93, interrupting what had appeared to be a sustained spring recovery and suggesting that the seasonal demand ceiling arrived earlier and with greater force than the prior-year trajectory would have implied. At 77, the index trails the 99 posted at this point last year by twenty-two points — the widest year-over-year gap in the current cycle — indicating that Baltimore’s summer 2026 entry point is tracking materially below the prior-year baseline, with the combination of affordability compression, rate sensitivity, and early demand exhaustion defining a structurally softer demand environment heading into the slower summer months.
Home Demand Index
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | June 2026
Home Demand Map
Regional demand across the Baltimore metro continues to reflect its established geographic hierarchy, though the sharp metro-wide decline to 77 is compressing the spread between stronger and weaker submarkets as buyer engagement pulls back broadly. Howard County is likely still registering the highest demand readings in the metro, supported by its established move-up pipeline, school district quality, and relative affordability at accessible price points, though the overall softening will have moderated its outperformance from the spring highs. Harford, Anne Arundel, Baltimore, and Carroll counties are all now tracking in the “Slow” range, while Baltimore City remains in the “Limited” range where affordability friction, limited entry-level inventory, and more cautious buyer sentiment remain the dominant constraints — a pattern that has persisted throughout the current cycle and is likely deepening as overall demand pulls back toward the metro average.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | June 2026
Demand and Inventory by Home Type
Demand by home type in Baltimore shows broad-based softening this period, consistent with the metro-wide index declining to 77 from 93 last month, with all segments likely registering meaningful month-over-month retreats as the post-spring demand rollover takes hold across the buyer spectrum. Entry-level single-family homes remain the most constrained tier, with first-time and value-driven buyers continuing to face acute affordability barriers at the lowest price points in a market where financing sensitivity is most pronounced, and the pullback in overall engagement is likely deepest in this segment given the lowest index reading. Mid-range single-family demand is retreating from spring highs as move-up buyer urgency fades, consistent with the market transitioning from the peak-urgency phase of the selling season toward a more measured early-summer pace. Luxury single-family activity, while retreating from its strong May reading, is likely exhibiting greater relative resilience than lower tiers, as discretionary buyers with less financing dependency maintain selective engagement with premium inventory. Entry-level condos continue to meaningfully outperform entry-level and mid-range single-family categories on an absolute basis, maintaining their structural role as the primary affordability outlet in the metro, though they remain below luxury single-family levels. Luxury condos and townhouses, rowhouses, and twin homes are moderating from their spring peaks in line with the broader market, with luxury condos retaining above-metro-average readings, while townhouses, rowhouses, and twin homes are now broadly in line with the metro average.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | June 2026
Single Family Home Below $375k
The index for entry-level single-family homes in Baltimore stands at 58 this report period, down from 73 last month and below the 75 recorded one year ago. The fifteen-point month-over-month decline reflects a sharp pullback in first-time and value-driven buyer engagement as the spring season transitions into early summer, consistent with buyers in this most affordability-sensitive tier stepping back more decisively than higher-priced counterparts as the peak-urgency window closes and the compounded effect of elevated prices and persistent financing costs reasserts its ceiling effect on transactional activity. The seventeen-point year-over-year shortfall represents a widening of the annual gap relative to the spring months and indicates that structural affordability constraints at the entry tier in one of the nation’s most expensive housing markets are weighing more heavily than at this point last year, with further recovery in this segment remaining acutely sensitive to any movement in financing costs or the emergence of accessible inventory at price points within reach of the first-time buyer cohort.
Monthly Statistics for Single Family Home Below $375k
Home Demand
Index
Index
58
(Limited)
Home Demand Index
from prior month
from prior month
73
Home Demand Index
from prior year
from prior year
75
Months of
inventory
inventory
2.3
Average daily inventory last month
614
Inventory sold
last month
last month
267
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | June 2026
Single Family Home $375k - $850k
Mid-range single-family homes in Baltimore registered an index of 78 this report period, down from 91 last month and below last year’s reading of 102. The thirteen-point month-over-month decline reflects a meaningful pullback in move-up buyer activity following the spring peak, consistent with established households stepping back as the urgency of the peak-season decision window fades and the price-to-financing cost calculus becomes less compelling entering early summer. The twenty-four-point year-over-year shortfall indicates that qualified move-up buyers are tracking at a materially softer pace than the same period last year, reflecting the compounded effect of the region’s elevated price environment, persistent financing costs, and the measured buyer behavior that has characterized this segment throughout the current cycle.
Monthly Statistics for Single Family Home $375k - $850k
Home Demand
Index
Index
78
(Slow)
Home Demand Index
from prior month
from prior month
91
Home Demand Index
from prior year
from prior year
102
Months of
Inventory
Inventory
1.7
Average daily inventory last month
1,572
Inventory sold
last month
last month
901
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | June 2026
Single Family Home Above $850k
The index for luxury single-family homes in Baltimore stands at 109 this report period, down from 121 last month and below last year’s reading of 137. The twelve-point month-over-month decline signals a meaningful pullback among high-end buyers following the pronounced spring reactivation, consistent with the discretionary nature of luxury demand in this metro as the seasonal peak transitions into a more measured early-summer pace and buyers absorb available premium inventory. The twenty-eight-point year-over-year gap is the most significant annual shortfall across all single-family tiers in Baltimore this period, suggesting that luxury buyers are exhibiting considerably more selectivity than at this point last year — a divergence that may reflect sensitivity to broader economic uncertainty, pricing expectations in an elevated market, or a structural recalibration following an unusually active prior spring luxury cycle that pulled forward a meaningful portion of high-end transactional demand.
Monthly Statistics for Single Family Home Above $850k
Home Demand
Index
Index
109
(Steady)
Home Demand Index
from prior month
from prior month
121
Home Demand Index
from prior year
from prior year
137
Months of
Inventory
Inventory
2.6
Average daily inventory last month
689
Inventory sold
last month
last month
267
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | June 2026
Condo Below $410k
Entry-level condo demand in Baltimore stands at 84 this report period, down from 120 last month and below last year’s level of 138. The thirty-six-point month-over-month decline signals a meaningful softening in buyer activity at the most accessible attached price points, consistent with the broader market pullback as post-spring demand compression reduces buyer urgency across categories. The fifty-four-point year-over-year shortfall relative to the same period last year is notable and warrants editorial review, as it may reflect either a genuine cooling in entry-condo demand or a potential baseline distortion in the prior-year figure that could affect the year-over-year comparison.
Monthly Statistics for Condo Below $410k
Home Demand
Index
Index
84
(Slow)
Home Demand Index
from prior month
from prior month
120
Home Demand Index
from prior year
from prior year
138
Months of
Inventory
Inventory
2.9
Average daily inventory last month
562
Inventory sold
last month
last month
195
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | June 2026
Condo Above $410k
Luxury condo demand in Baltimore registered 115 this report period, down from 139 last month and below last year’s level of 151. The twenty-four-point month-over-month decline signals continued moderation in high-end condo buyer activity following the spring peak, consistent with the lifestyle-driven and downsizing demand patterns in this segment as early-season urgency fades and premium inventory continues to be absorbed through a more selective market phase. The thirty-six-point year-over-year gap indicates softer conditions compared to the same period last year, reflecting either a normalization from a stronger prior-year baseline, pricing sensitivity within the luxury attached segment, or a shift in buyer composition and absorption pace; this divergence should be monitored alongside incoming inventory and transaction flow to confirm whether the cooling trend is sustained or data-driven volatility.
Monthly Statistics for Condo Above $410k
Home Demand
Index
Index
115
(Moderate)
Home Demand Index
from prior month
from prior month
139
Home Demand Index
from prior year
from prior year
151
Months of
Inventory
Inventory
3.1
Average daily inventory last month
145
Inventory sold
last month
last month
47
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | June 2026
Townhouse/Rowhouse/Twin All prices
Townhouse/
Rowhouse/Twin
All prices
The index for townhouses, rowhouses, and twin homes in Baltimore stands at 77 this report period, down from 94 last month and below last year’s level of 97. The seventeen-point month-over-month decline reflects a meaningful cooling in attached single-family demand following the spring peak, consistent with the broader market pullback as buyer urgency moderates entering the early summer period and this segment settles into a more measured pace after a period of stronger seasonal activity. The twenty-point year-over-year shortfall indicates this category is tracking below the same period last year by a wider margin than observed through most of the spring cycle, though at 77 it reflects softer overall conditions across the Baltimore metro as attached demand adjusts alongside broader affordability and sentiment shifts in the market.
Monthly Statistics for Townhouse/Rowhouse/TwinAll prices
Home Demand
Index
Index
77
(Slow)
Home Demand Index
from prior month
from prior month
94
Home Demand Index
from prior year
from prior year
97
Months of
Inventory
Inventory
3.3
Average daily inventory last month
3,266
Inventory sold
last month
last month
977
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Note
1. This report is generated with data from the following counties:
- Baltimore Metro – Anne Arundel, MD; Baltimore City, MD; Baltimore, MD; Carroll, MD; Harford, MD; Howard, MD;
- DelMar Coastal – Somerset, MD; Sussex, DE; Wicomico, MD; Worcester, MD;
- Maryland Eastern Shore – Caroline, MD; Cecil, MD; Dorchester, MD; Kent, MD; Queen Annes, MD; Talbot, MD;
2. This report is for the June 2026 period with data collected from the previous month.
Released: June 10, 2026
Reference ID: 2436
Baltimore | June 2026
Home Demand Map (Zip Codes)
Regional demand across the Baltimore metro continues to reflect its established geographic hierarchy, though the sharp metro-wide decline to 77 is compressing the spread between stronger and weaker submarkets as buyer engagement pulls back broadly. Howard County is likely still registering the highest demand readings in the metro, supported by its established move-up pipeline, school district quality, and relative affordability at accessible price points, though the overall softening will have moderated its outperformance from the spring highs. Harford, Anne Arundel, Baltimore, and Carroll counties are all now tracking in the “Slow” range, while Baltimore City remains in the “Limited” range where affordability friction, limited entry-level inventory, and more cautious buyer sentiment remain the dominant constraints — a pattern that has persisted throughout the current cycle and is likely deepening as overall demand pulls back toward the metro average.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com