Baltimore Metro

October 2025 | 
Home Demand Index: 87 | 
Tier: Slow

Metro Area Overview

The Home Demand Index (HDI) for the Baltimore metro area stands at 87 for this report period, marking a decrease from 89 last month and matching the 87 recorded during the same period last year. This consistency on a year-over-year basis indicates a stable but subdued level of buyer activity, keeping the market within the Slow demand range. The month-over-month decline points to typical seasonal cooling and continued affordability challenges, as higher borrowing costs and limited supply temper buyer engagement.
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 | October 2025

Home Demand Index

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The Home Demand Index (HDI) for the Baltimore metro area stands at 87 for this report period, marking a decrease from 89 last month and matching the 87 recorded during the same period last year. This consistency on a year-over-year basis indicates a stable but subdued level of buyer activity, keeping the market within the Slow demand range. The month-over-month decline points to typical seasonal cooling and continued affordability challenges, as higher borrowing costs and limited supply temper buyer engagement.
Demand by home type in Baltimore has softened slightly this period. Entry-level single-family homes recorded a Home Demand Index (HDI) of 73, down from 74 last month and below last year’s 79, signaling continued affordability challenges for first-time buyers. Mid-range single-family homes declined to 86 from 89 last month but remain close to last year’s 87, indicating steady interest among move-up buyers. Luxury single-family homes held at 103, remaining well above last year’s 90, reflecting ongoing engagement from affluent purchasers despite some cooling momentum. Entry-level condos posted an HDI of 105, down from 114 but still above 103 a year ago, while luxury condos eased slightly to 162 from 157 yet remain notably strong. Townhouses declined to 89 from 91, just below last year’s level, suggesting moderate cooling in attached-home demand.
Monthly Statistics for October 2025
Home Demand
Index
87
(Slow)
Home Demand Index
from prior month
89
Home Demand Index
from prior year
87
Index change
from prior month
-2.2%
Index change from
same time last year
0%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com