Baltimore Metro

September 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 decline from 92 last month and equal to the 87 recorded a year ago. This latest reading keeps the region in the Slow demand category, though the month-over-month drop points to seasonal softening or growing affordability constraints. With year-over-year demand unchanged, the market appears stable but lacks upward momentum as buyers weigh affordability pressures against limited inventory.
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 | September 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 decline from 92 last month and equal to the 87 recorded a year ago. This latest reading keeps the region in the Slow demand category, though the month-over-month drop points to seasonal softening or growing affordability constraints. With year-over-year demand unchanged, the market appears stable but lacks upward momentum as buyers weigh affordability pressures against limited inventory.
Demand by home type in Baltimore has declined across all segments. Entry-level single-family homes posted a demand index of 69, down from 71 last month and 73 a year ago, indicating persistent affordability challenges and soft buyer engagement. Mid-range single-family homes fell to 87 from 94 last month but remain at the same level as last year 87, showing stable interest among move-up buyers. Luxury single-family homes dropped to 102 from 116 last month but remain well above last year’s 91, signaling continued demand from affluent buyers despite recent softening. Entry-level condos declined to 110 from 120 but remain above last year’s 105, reflecting steady demand. Luxury condos decreased slightly to 155 from 163 but continue to outperform the broader market. Townhouses fell to 89 from 92 and remain below last year’s 92, indicating moderate cooling in this segment.
Monthly Statistics for September 2025
Home Demand
Index
87
(Slow)
Home Demand Index
from prior month
92
Home Demand Index
from prior year
87
Index change
from prior month
-5.4%
Index change from
same time last year
0%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com