Baltimore Metro

January 2022 | 
Home Demand Index: 73 | 
Tier: Slow

Metro Area Overview

The Bright MLS | T3 Home Demand Index for the Baltimore Metro area fell in December, down by slightly more than 25 percent compared with the November reading. The Index, at 73, reflected a Slow pace of demand for homes and a decrease in buyer interest from a Moderate pace the month before. The December Index was 17 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 | January 2022

Home Demand Index

The Bright MLS | T3 Home Demand Index for the Baltimore Metro area fell in December, down by slightly more than 25 percent compared with the November reading. The Index, at 73, reflected a Slow pace of demand for homes and a decrease in buyer interest from a Moderate pace the month before. The December Index was 17 percent lower than one year earlier.
In December, demand fell for each type of home with the largest month-to-month decline in the mid-priced and higher-priced single-family segments. Lower-priced single-family homes and lower-priced condos exhibited the weakest demand. The higher-priced condo segment was the only type of Baltimore Metro area home to record a High level of buyer interest. The months supply of inventory was flat, or down, for each home type mostly due to a decline in the number of listings. The months supply ranged from 0.9 months for mid-priced single-family homes to 2.3 months for higher-priced condos.
Monthly Statistics for January 2022
Home Demand
Index
73
(Slow)
Home Demand Index
from prior month
98
Home Demand Index
from prior year
88
Index change
from prior month
-25.5%
Index change from
same time last year
-17%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com