Baltimore Metro

Nov-23 | 
Home Demand Index: 64 | 
Tier: Limited

Metro Area Overview

The Bright MLS | T3 Home Demand Index for the Baltimore Metro area increased 18.5 percent to 64, a level consistent with Limited buyer demand. The Index was 28.9 percent lower than one year earlier.
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 | Nov-23

Home Demand Index

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The Bright MLS | T3 Home Demand Index for the Baltimore Metro area increased 18.5 percent to 64, a level consistent with Limited buyer demand. The Index was 28.9 percent lower than one year earlier.
Buyer interest in most types of metro area homes was higher in October. The Index for entry-level condos increased the most, rising 41 percent to 83, a level of demand in the Slow category. Buyer interest was strongest for luxury condos, despite a slight decrease in the Index over the month. Demand was weakest for entry-level single-family homes, with the Index one-third lower than a year earlier. The inventory of homes for sale remained very lean with 3 months or less inventory among all types of homes. The months supply ranged from 1.6 months for entry-level single-family homes to 3 months for luxury single-family homes.
Monthly Statistics for Nov-23
Home Demand
Index
64
(Limited)
Home Demand Index
from prior month
54
Home Demand Index
from prior year
90
Index change
from prior month
18.5%
Index change from
same time last year
-28.9%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com