April 2025 Report
Baltimore Metro
Baltimore | April 2025
Home Demand Index
The Home Demand Index (HDI) for Baltimore stands at 88 this report period, reflecting an increase from last month’s 78 but a slight decline from last year’s 90. This suggests a strengthening in buyer activity compared to the previous month, but the year-over-year decline indicates continued challenges. Market conditions are influenced by inventory constraints and affordability concerns.
Entry-level single-family homes experienced a modest increase in demand, likely driven by affordability concerns and limited inventory. Mid-market single-family homes saw a moderate improvement, reflecting growing buyer confidence. Luxury single-family homes exhibited the strongest growth, suggesting renewed interest from affluent buyers. Entry-level condos shifted from steady to moderate demand, while luxury condos saw heightened interest, reflecting ongoing competitiveness in the high-end market. Townhouses and similar properties showed increasing interest, though inventory remains constrained.
Monthly Statistics for April 2025
Home Demand
Index
Index
88
(Slow)
Home Demand Index
from prior month
from prior month
78
Home Demand Index
from prior year
from prior year
90
Index change
from prior month
from prior month
12.8%
Index change from
same time last year
same time last year
-2.2%
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | April 2025
Home Demand Index | Historical Year-over-Year Comparison
The year-over-year comparison for Baltimore’s HDI reflects a slight decrease from 90 last year to 88 in this report period. This minimal decline suggests a relatively stable market compared to the previous year. Market activity remains influenced by inventory limitations and broader economic factors.
Home Demand Index
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | April 2025
Home Demand Map
Buyer interest across Baltimore’s regions increased during this reporting period. Howard County improved from slow to moderate demand. Harford County and Baltimore County shifted from slow to steady demand, while Anne Arundel County, Baltimore City, and Carroll County experienced slow demand. Coastal areas, such as DelMar Coastal, moved from steady to moderate demand, demonstrating resilience despite broader market challenges. The Maryland Eastern Shore saw steady demand
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | April 2025
Demand and Inventory by Home Type
Entry-level single-family homes experienced a modest increase in demand, likely driven by affordability concerns and limited inventory. Mid-market single-family homes saw a moderate improvement, reflecting growing buyer confidence. Luxury single-family homes exhibited the strongest growth, suggesting renewed interest from affluent buyers. Entry-level condos shifted from steady to moderate demand, while luxury condos saw heightened interest, reflecting ongoing competitiveness in the high-end market. Townhouses and similar properties showed increasing interest, though inventory remains constrained.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | April 2025
Single Family Home Below $360k
The index for entry-level single-family homes remains steady at 70, unchanged from last month but slightly lower than last year’s 75. This stability suggests consistent buyer interest despite affordability challenges. However, the slight year-over-year decline highlights ongoing affordability concerns within this segment.
Monthly Statistics for Single Family Home Below $360k
Home Demand
Index
Index
70
(Slow)
Home Demand Index
from prior month
from prior month
70
Home Demand Index
from prior year
from prior year
75
Months of
inventory
inventory
2
Average daily inventory last month
466
Inventory sold
last month
last month
235
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | April 2025
Single Family Home $360k - $815k
The index for mid-range single-family homes has increased to 83, a noticeable improvement from last month’s 70 but slightly lower than last year’s 87. This month-over-month growth reflects strengthening buyer interest, potentially driven by seasonal factors or improving economic conditions. Despite the improvement, the year-over-year decline indicates lingering affordability and inventory constraints in this segment.
Monthly Statistics for Single Family Home $360k - $815k
Home Demand
Index
Index
83
(Slow)
Home Demand Index
from prior month
from prior month
70
Home Demand Index
from prior year
from prior year
87
Months of
Inventory
Inventory
1.9
Average daily inventory last month
1,021
Inventory sold
last month
last month
546
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | April 2025
Single Family Home Above $815k
The index for luxury single-family homes has risen to 96, up significantly from last month’s 67 and slightly above last year’s 95. This increase suggests renewed interest from high-end buyers, potentially reflecting confidence in the luxury market. The modest year-over-year improvement highlights continued resilience within this segment despite broader economic challenges.
Monthly Statistics for Single Family Home Above $815k
Home Demand
Index
Index
96
(Steady)
Home Demand Index
from prior month
from prior month
67
Home Demand Index
from prior year
from prior year
95
Months of
Inventory
Inventory
2.8
Average daily inventory last month
367
Inventory sold
last month
last month
132
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | April 2025
Condo Below $405k
The entry-level condo index has surged to 129, up from last month’s 108 and significantly higher than last year’s 113. This growth reflects heightened buyer interest in affordable condos, possibly driven by favorable economic conditions or seasonal demand. The continued improvement demonstrates robust interest from budget-conscious buyers and investors.
Monthly Statistics for Condo Below $405k
Home Demand
Index
Index
129
(Moderate)
Home Demand Index
from prior month
from prior month
108
Home Demand Index
from prior year
from prior year
113
Months of
Inventory
Inventory
2.8
Average daily inventory last month
409
Inventory sold
last month
last month
146
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | April 2025
Condo Above $405k
The luxury condo index is currently at 160, nearly unchanged from last month’s 161 but significantly higher than last year’s 123. This stability indicates sustained demand for high-end condos, with affluent buyers remaining active in the market. The year-over-year increase reflects a strong performance in this segment despite broader economic uncertainties.
Monthly Statistics for Condo Above $405k
Home Demand
Index
Index
160
(High)
Home Demand Index
from prior month
from prior month
161
Home Demand Index
from prior year
from prior year
123
Months of
Inventory
Inventory
3.7
Average daily inventory last month
115
Inventory sold
last month
last month
31
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | April 2025
Townhouse/Rowhouse/Twin All prices
Townhouse/
Rowhouse/Twin
All prices
The index for townhouses, rowhouses, and twins is at 93, up from last month’s 87 but slightly below last year’s 96. This month-over-month improvement suggests renewed buyer interest in these home types, likely due to their affordability and desirable locations. However, the year-over-year decline highlights persistent challenges in achieving broader market growth.
Monthly Statistics for Townhouse/Rowhouse/TwinAll prices
Home Demand
Index
Index
93
(Steady)
Home Demand Index
from prior month
from prior month
87
Home Demand Index
from prior year
from prior year
96
Months of
Inventory
Inventory
2.6
Average daily inventory last month
2,313
Inventory sold
last month
last month
882
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Note
1. This report is generated with data from the following counties:
- 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;
2. This report is for the April 2025 period with data collected from the previous month.
Released: April 10, 2025
Reference ID: 2223
Baltimore | April 2025
Home Demand Map (Zip Codes)
Buyer interest across Baltimore’s regions increased during this reporting period. Howard County improved from slow to moderate demand. Harford County and Baltimore County shifted from slow to steady demand, while Anne Arundel County, Baltimore City, and Carroll County experienced slow demand. Coastal areas, such as DelMar Coastal, moved from steady to moderate demand, demonstrating resilience despite broader market challenges. The Maryland Eastern Shore saw steady demand
Bright MLS | T3 Home Demand Index
www.homedemandindex.com