Baltimore Metro

April 2024 | 
Home Demand Index: 87 | 
Tier: Slow

Metro Area Overview

The Bright MLS | T3 Home Demand Index for the Baltimore Metro area rose 4.8 percent in March to 87, a level consistent with Slow buyer demand. The Index was in the Slow category in February as well and just 1.1 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 | April 2024

Home Demand Index

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The Bright MLS | T3 Home Demand Index for the Baltimore Metro area rose 4.8 percent in March to 87, a level consistent with Slow buyer demand. The Index was in the Slow category in February as well and just 1.1 percent lower than one year earlier.
The Bright MLS | T3 Home Demand Index for most types of homes increased in March, the only exception being entry-level single-family homes. Among the types of homes with increased buyer interest, the Index rose by 6 to 7 percent over the month. Demand for luxury condos was in the Moderate category while entry-level condos, luxury single-family homes and townhouses attracted Steady buyer interest. Demand was Slow in the remaining market segments. The months supply ranged from 1.3 months for mid-market single-family homes to 2.4 months for luxury single-family homes and luxury condos.
Monthly Statistics for April 2024
Home Demand
Index
87
(Slow)
Home Demand Index
from prior month
83
Home Demand Index
from prior year
88
Index change
from prior month
4.8%
Index change from
same time last year
-1.1%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com