Baltimore Metro

The Bright MLS | T3 Home Demand Index was lower for each type of home compared with the month before. The largest decreases in the Index were among the single-family segments, led by lower-priced single-family homes with a 25 percent decline over the month. Buyer interest remained strongest for higher-priced single-family homes and higher-priced condos, both of which were in the High demand category. Demand for mid-priced single-family homes, lower-priced condos and townhouses was Slow over the month. The months supply rose for all types of homes except lower-priced single-family homes. The inventory of homes for sale ranged from 1.9 months supply for mid-priced single-family homes to 3.1 months for higher-priced condos.

Demand eased among all types of homes in October. The Index for mid-priced and higher-priced single-family homes, along with higher-priced condos and townhouses, decreased by more than 10 percent over the month. Buyer interest was strongest for higher-priced single-family homes and higher-priced condos, both of which remained in the High demand category. The months supply rose for all types of homes except higher-priced condos. The inventory of homes for sale ranged from a 1.8 months supply for mid-priced single-family homes to 2.5 months for higher-priced single-family homes. The months supply rose the most for higher-priced single-family homes, up from 1.8 months in September to 2.5 months.

Among the types of homes tracked by the Bright MLS | T3 Home Demand Index, buyer interest was greatest for higher-priced single-family homes and higher-priced condos, each remaining in the High demand range. Demand softened for each segment of the market in September with the largest month-to-month declines in higher-priced single-family homes, and each of the condo segments. The months supply rose for all segments, other than condos, reflecting a lower level of sales and little change in the number of listings on the market. The months supply ranged from 2.2 months for townhouses to just 1.2 months for lower-priced condos.

Buyer interest was greatest 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 remained in the Moderate range. Lower-priced single-family homes continued to exhibit the weakest demand with Limited buyer interest. Although the Index for higher-priced condos was up marginally in August, all other segments recorded softer demand over the month. The months supply was flat or fell only marginally over the month for each type of home. 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.

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.