Baltimore Metro

November 2025 | 
Home Demand Index: 86 | 
Tier: Slow

Metro Area Overview

The Home Demand Index (HDI) for the Baltimore metro area stands at 86 for this report period, down from 90 last month but above the 75 recorded a year ago. This reading keeps the market within the Slow demand range, consistent with typical late-year cooling and reduced buyer urgency. The year-over-year increase, however, underscores a more stable demand environment than last fall, suggesting that while affordability and rate pressures persist, underlying buyer interest has strengthened compared to 2024.
The market trend line, below, provides a high-level monthly overview of the Home Demand Index for each of the metro market areas within the Greater Baltimore Metro Area. The Home Demand Index is baselined at 100, with 90-110 indicating a steady market. Index values above 110 indicate moderate and high activity while Index values below 90 indicate slower or limited activity. For more information for a given period of time, click on any point on the map to pull up the monthly report.
Metro Market Trend Data by Bright MLS | T3 Home Demand Index
Each of the market areas listed above are defined as follows:
  • 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;

Baltimore | November 2025

Home Demand Index

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The Home Demand Index (HDI) for the Baltimore metro area stands at 86 for this report period, down from 90 last month but above the 75 recorded a year ago. This reading keeps the market within the Slow demand range, consistent with typical late-year cooling and reduced buyer urgency. The year-over-year increase, however, underscores a more stable demand environment than last fall, suggesting that while affordability and rate pressures persist, underlying buyer interest has strengthened compared to 2024.
Demand across Baltimore’s home types shows broad-based moderation this period. Entry-level single-family homes recorded a Home Demand Index of 70, down from 77 last month but above last year’s 67, highlighting ongoing affordability constraints for first-time buyers. Mid-range single-family homes declined to 85 from 88, remaining above last year’s 75, indicating steady move-up activity. Luxury single-family homes edged down to 98 from 105, yet remain well above last year’s 73, reflecting persistent high-end engagement. Entry-level condos posted an index of 103, down from 110 but higher than last year’s 95, while luxury condos held firm at 165, sustaining strong demand. Townhouses decreased to 89 from 91, still above last year’s level, signaling mild seasonal cooling in attached-home demand. Overall, demand is moderating compared with last month but remains elevated relative to last year across most segments.
Monthly Statistics for November 2025
Home Demand
Index
86
(Slow)
Home Demand Index
from prior month
90
Home Demand Index
from prior year
75
Index change
from prior month
-4.4%
Index change from
same time last year
14.7%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com