Baltimore Metro

May 2022 | 
Home Demand Index: 127 | 
Tier: Moderate

Metro Area Overview

The Bright MLS | T3 Home Demand Index for the Baltimore Metro area rose 4.1 percent in April marking the fourth consecutive monthly increase since the seasonal low in December. The Index, at 127, reflected a Moderate pace of buyer demand.
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 | May 2022

Home Demand Index

The Bright MLS | T3 Home Demand Index for the Baltimore Metro area rose 4.1 percent in April marking the fourth consecutive monthly increase since the seasonal low in December. The Index, at 127, reflected a Moderate pace of buyer demand.
Demand remained the strongest for higher-priced single-family homes and higher-priced condos, both well above the threshold indicating a High level of buyer interest. Buyer interest in lower-priced single-family homes decreased from an already low level the month before. Demand increased the most for lower-priced condos, rising from Steady demand in March to Moderate demand in April. The months supply among each type of home changed very little over the month, ranging from 0.8 months for mid-priced single-family homes to 1.7 months for higher-priced condos.
Monthly Statistics for May 2022
Home Demand
Index
127
(Moderate)
Home Demand Index
from prior month
122
Home Demand Index
from prior year
154
Index change
from prior month
4.1%
Index change from
same time last year
-17.5%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com