Baltimore Metro

January 2025 | 
Home Demand Index: 55 | 
Tier: Limited

Metro Area Overview

The Home Demand Index (HDI) for Baltimore stands at 55 this report period, a sharp decrease from last month’s 74 and slightly below last year’s 56. This decline indicates a significant cooling in buyer activity compared to the previous month, reflecting a subdued market environment. Persistent inventory constraints and fluctuating economic conditions continue to shape the market dynamics.
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 2025

Home Demand Index

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The Home Demand Index (HDI) for Baltimore stands at 55 this report period, a sharp decrease from last month’s 74 and slightly below last year’s 56. This decline indicates a significant cooling in buyer activity compared to the previous month, reflecting a subdued market environment. Persistent inventory constraints and fluctuating economic conditions continue to shape the market dynamics.
Entry-level single-family homes show stagnant demand, constrained by affordability challenges and low inventory. Luxury condos maintain the highest buyer interest, though demand has slightly cooled from the previous month. Mid-market and luxury single-family homes reflect the most significant declines, while entry-level condos shifted from slow to limited demand. Townhouses also moved from slow to limited demand. Overall, during this report period, the housing market is experiencing a decline in demand, leading to mixed market conditions across various home types.
Monthly Statistics for January 2025
Home Demand
Index
55
(Limited)
Home Demand Index
from prior month
74
Home Demand Index
from prior year
56
Index change
from prior month
-25.7%
Index change from
same time last year
-1.8%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com