Baltimore Metro

March 2023 | 
Home Demand Index: 78 | 
Tier: Slow

Metro Area Overview

The Bright MLS | T3 Home Demand Index for the Baltimore Metro area fell 2.5 percent in February to 78, which reflects a Slow pace of activity. The Index was 27.8 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 | March 2023

Home Demand Index

The Bright MLS | T3 Home Demand Index for the Baltimore Metro area fell 2.5 percent in February to 78, which reflects a Slow pace of activity. The Index was 27.8 percent lower than one year earlier.
The Index for luxury condos rose in February, while buyer interest in all other segments was marginally weaker compared with January. In addition to increasing over the month, demand for luxury condos was also the strongest with the Index reflecting a Moderate pace of buyer activity. Demand was Slow for all other types of homes in the Baltimore Metro area market. The inventory of homes on the market ranged from 1.5 months supply for entry-level condos to 3.1 months for luxury condos. The months supply decreased for each type of home compared with January.
Monthly Statistics for March 2023
Home Demand
Index
78
(Slow)
Home Demand Index
from prior month
80
Home Demand Index
from prior year
108
Index change
from prior month
-2.5%
Index change from
same time last year
-27.8%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com