Baltimore Metro

January 2023 | 
Home Demand Index: 62 | 
Tier: Limited

Metro Area Overview

The Bright MLS | T3 Home Demand Index for the Baltimore Metro area fell 20.5 percent to 62 in December, reflecting Limited buyer interest. The Index was 16.2 percent lower than one year earlier when demand was at a Slow pace.
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 2023

Home Demand Index

The Bright MLS | T3 Home Demand Index for the Baltimore Metro area fell 20.5 percent to 62 in December, reflecting Limited buyer interest. The Index was 16.2 percent lower than one year earlier when demand was at a Slow pace.
The December Index was lower for each type of home compared with the month before. Demand for higher-priced single-family homes and higher-priced condos fell the most. Buyer interest was strongest for higher-priced condos, where demand was in the Moderate range, followed by higher-priced single-family homes where demand was Steady. All other segments were in the Slow or Limited demand category. The months supply for each type of home fell in December mostly due to a decrease in the number of listings available for sale. The months supply ranged from 1.6 months for lower-priced condos to 2.4 months for townhouses.
Monthly Statistics for January 2023
Home Demand
Index
62
(Limited)
Home Demand Index
from prior month
78
Home Demand Index
from prior year
74
Index change
from prior month
-20.5%
Index change from
same time last year
-16.2%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com