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;
The Market Trend Map for the Baltimore Metro pulls the county map from the monthly reports and combines to provide a time-lapse of the overall market. Use the navigation at the bottom to toggle between months.
Baltimore Metro County-Level Market Trend Map | 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.
The Bright MLS | T3 Home Demand Index for the Baltimore Metro area fell 13.3 percent in November, moving from a Steady to a Slow pace of activity. The HDI was 20.4 percent lower than one year earlier.
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 for Baltimore Metro area homes fell in October according to the Bright MLS | T3 Home Demand Index. The Index decreased 10.9 percent to 90, reflecting a Steady pace of buyer interest, and was 24.4 percent lower than one year earlier.
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.
The Bright MLS | T3 Home Demand Index for the Baltimore Metro area fell 5.6 percent in September. Buyer interest remained in the Steady range. Compared with one year earlier the Index was 16.5 percent lower.
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.
The Bright MLS | T3 Home Demand Index for the Baltimore Metro market area fell seven percent in August to 107, reflecting a Steady pace of demand. The Index was just over 17.1 percent lower than one year earlier.
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 for the Baltimore Metro area fell 1.7 percent in July. The Index, at 114, was in the Moderate range for the fifth consecutive month. Compared with one year earlier, demand was 8.1 percent lower.
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 homes in the Baltimore Metro areas was down marginally in June according to the Bright MLS | T3 Home Demand Index. The Index fell 0.9 percent to 116 reflecting a Moderate level of buyer interest.
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.