Baltimore Metro

September 2022 | 
Home Demand Index: 107 | 
Tier: Steady

Metro Area Overview

The Bright MLS | T3 Home Demand Index for the Baltimore Metro market area fell seven percent in August to 107, reflecting a Steady pace of demand. The Index was just over 17.1 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 | September 2022

Home Demand Index

The Bright MLS | T3 Home Demand Index for the Baltimore Metro market area fell seven percent in August to 107, reflecting a Steady pace of demand. The Index was just over 17.1 percent lower than one year earlier.
Buyer interest was greatest for higher-priced single-family homes and higher-priced condos, both of which remained in the High demand category. Demand for mid-priced single-family homes and townhouses remained in the Moderate range. Lower-priced single-family homes continued to exhibit the weakest demand with Limited buyer interest. Although the Index for higher-priced condos was up marginally in August, all other segments recorded softer demand over the month. The months supply was flat or fell only marginally over the month for each type of home. The inventory of homes for sale ranged from a 1.3 months supply for mid-priced single-family homes and lower-priced condos to 2.4 months for higher-priced condos.
Monthly Statistics for September 2022
Home Demand
Index
107
(Steady)
Home Demand Index
from prior month
115
Home Demand Index
from prior year
129
Index change
from prior month
-7%
Index change from
same time last year
-17.1%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com