Baltimore Metro

May 2023 | 
Home Demand Index: 93 | 
Tier: Steady

Metro Area Overview

The Bright MLS | T3 Home Demand Index for the Baltimore Metro area rose in April with the Index moving from Slow to Steady over the month. The Index, at 93, was 5.7 percent higher compare with March but remained well below the level 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 | May 2023

Home Demand Index

The Bright MLS | T3 Home Demand Index for the Baltimore Metro area rose in April with the Index moving from Slow to Steady over the month. The Index, at 93, was 5.7 percent higher compare with March but remained well below the level one year earlier.
Buyer interest rose for all types of Baltimore Metro area homes over the month. Luxury condos continued to attract a High level of demand. Buyer interest was Slow for entry- and mid-market single-family homes and Steady or Moderate for other types of homes. The months supply of luxury single-family homes was lower in April, moving from 2.3 to two months largely due to an uptick in sales and was flat or only slightly higher for other types of homes. The months supply ranged from 1.2 months for mid-market single-family homes to 3.2 months for luxury condos.
Monthly Statistics for May 2023
Home Demand
Index
93
(Steady)
Home Demand Index
from prior month
88
Home Demand Index
from prior year
128
Index change
from prior month
5.7%
Index change from
same time last year
-27.3%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com