Baltimore Metro

The Bright MLS | T3 Home Demand Index was strongest for higher-priced single-family homes and higher-priced condos, both of which remained in the High demand category. Demand for mid-priced single-family homes and townhouses was Moderate. Consistent with the past several months, lower-priced single-family homes exhibited the weakest demand. Demand for each type of home changed little over the month while the months supply rose for all types of homes in July. The inventory of homes for sale ranged from a 1.3 months supply for mid-priced single-family homes and lower-priced condos to 2.4 months for higher-priced condos.

Demand for each type of Baltimore Metro area home changed little in June although it was lower than one year earlier for each segment of the market. Among the types of homes tracked by the Index, buyer interest was strongest for higher-priced single-family homes and higher-priced condos, both of which remained in the High demand category. Lower-priced single-family homes exhibited the weakest demand. The months supply rose for all types of homes except higher-priced condos but continued to be exceptionally low among all segments. The inventory of homes for sale ranged from a one-month supply for mid-priced single-family homes and lower-priced condos to 1.6 months for higher-priced condos.

Demand eased among all Baltimore Metro market segments, except higher-priced condos, which recorded a small gain over the month. Buyer interest in lower-priced single-family homes and lower-priced condos decreased the most. The Index was highest for higher-priced single-family homes and higher-priced condos., both of which remained in the High demand category. Buyer interest continued to be weakest for lower-priced single-family homes with Limited demand. The months supply among each type of home changed very little over the month, ranging from 0.9 months for mid-priced single-family homes and lower-priced condos to 1.9 months for higher-priced condos.

Demand remained the strongest for higher-priced single-family homes and higher-priced condos, both well above the threshold indicating a High level of buyer interest. Buyer interest in lower-priced single-family homes decreased from an already low level the month before. Demand increased the most for lower-priced condos, rising from Steady demand in March to Moderate demand in April. The months supply among each type of home changed very little over the month, ranging from 0.8 months for mid-priced single-family homes to 1.7 months for higher-priced condos.

Demand increased for each type of home in March except condos, where buyer interest was down marginally over the month in each of the two price segments. The Index increased the most for higher-priced single-family homes, up by 42 percent compared with February. While demand for higher-priced condos decreased, this segment, along with higher-priced single-family homes, recorded the strongest buyer interest. Demand for lower-priced single-family homes remained the weakest with Limited buyer interest, although demand did increase over the month. The months supply decreased for all types of homes reflecting an increase in sales that further depleted an already low inventory of homes. The months supply ranged from 0.8 months for mid-priced single-family homes and lower-priced condos to 1.7 months for higher-priced condos.

Demand increased for each type of home in February except lower-priced single-family, which was down marginally over the month. Buyer interest rose the most for mid- and higher-priced single-family homes. Demand was strongest in the higher-priced condo and higher-priced single-family segments, each in the High range in February. Demand for lower-priced single-family homes remained the weakest with Limited buyer interest. The months supply of inventory was down marginally for all types of homes, except higher-priced single-family, which was up slightly. The months supply ranged from 1.1 months for mid-priced single-family homes to 2.2 months for higher-priced condos.