February 2026 Report
Baltimore Metro
Baltimore | February 2026
Home Demand Index
The Home Demand Index (HDI) for the Baltimore metro area reflects a modest improvement this report period, rising from last month and returning to parity with the same time last year. This rebound suggests buyer activity has stabilized after a softer prior reading, though overall demand remains measured rather than expansive. The combination of month-over-month recovery and flat year-over-year performance points to cautious engagement, with affordability and financing conditions continuing to shape buyer behavior.
Demand by home type in Baltimore shows broad moderation consistent with the overall market, though performance varies by segment. Entry-level single-family homes remain the most constrained, as affordability pressures continue to limit first-time buyer activity. Mid-range single-family homes are comparatively steadier, supported by selective move-up demand. Luxury single-family homes show softer near-term momentum, though underlying interest remains healthier than lower tiers. Entry-level condos continue to function as an affordability alternative, while luxury condos retain relative strength tied to lifestyle-driven buyers. Townhouses, rowhouses, and twin homes show modest year-over-year softness but have gained momentum recently, remaining supported by their balance of price and space.
Monthly Statistics for February 2026
Home Demand
Index
Index
69
(Limited)
Home Demand Index
from prior month
from prior month
56
Home Demand Index
from prior year
from prior year
69
Index change
from prior month
from prior month
23.2%
Index change from
same time last year
same time last year
0%
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | February 2026
Home Demand Index | Historical Year-over-Year Comparison
Over the past 12 months, Baltimore’s HDI line chart shows a pattern of volatility, with demand cycling through periods of softening and recovery before settling at a level equal to last year. The increase from last month indicates a short-term rebound, offsetting the earlier dip and restoring year-over-year balance. Overall, the trend suggests a market searching for traction, where intermittent gains are tempered by ongoing affordability and rate sensitivity.
Home Demand Index
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | February 2026
Home Demand Map
Regional demand across the Baltimore metro remains uneven, with suburban submarkets generally outperforming the urban core. Howard, Harford, Baltimore, and Anne Arundel counties are experiencing a slow pace of activity, as are DelMar Coastal and Maryland Eastern Shore. Carroll County and Baltimore City show limited demand, reflecting the softest conditions in the metro and continued caution among buyers amid affordability and financing pressures.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | February 2026
Demand and Inventory by Home Type
Demand by home type in Baltimore shows broad moderation consistent with the overall market, though performance varies by segment. Entry-level single-family homes remain the most constrained, as affordability pressures continue to limit first-time buyer activity. Mid-range single-family homes are comparatively steadier, supported by selective move-up demand. Luxury single-family homes show softer near-term momentum, though underlying interest remains healthier than lower tiers. Entry-level condos continue to function as an affordability alternative, while luxury condos retain relative strength tied to lifestyle-driven buyers. Townhouses, rowhouses, and twin homes show modest year-over-year softness but have gained momentum recently, remaining supported by their balance of price and space.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | February 2026
Single Family Home Below $370k
Entry-level single-family demand in Baltimore is 64 this report period, up from 57 last month and closely aligned with last year’s level of 65. This month-over-month increase indicates improving buyer interest in the most affordable detached segment. Despite the rebound, affordability constraints and limited supply continue to cap stronger demand growth.
Monthly Statistics for Single Family Home Below $370k
Home Demand
Index
Index
64
(Limited)
Home Demand Index
from prior month
from prior month
57
Home Demand Index
from prior year
from prior year
65
Months of
inventory
inventory
3.2
Average daily inventory last month
622
Inventory sold
last month
last month
196
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | February 2026
Single Family Home $370k - $845k
Mid-range single-family homes in Baltimore stands at 64 this period, up from 52 last month and slightly above last year’s reading of 63. The improvement suggests a short-term rebound in move-up buyer activity following recent softness. Even so, demand remains cautious, reflecting ongoing sensitivity to financing costs and price expectations in this segment.
Monthly Statistics for Single Family Home $370k - $845k
Home Demand
Index
Index
64
(Limited)
Home Demand Index
from prior month
from prior month
52
Home Demand Index
from prior year
from prior year
63
Months of
Inventory
Inventory
2.7
Average daily inventory last month
1,203
Inventory sold
last month
last month
451
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | February 2026
Single Family Home Above $845k
Luxury single-family demand in Baltimore is 58 this report period, rising from 43 last month and above last year’s level of 50. This month-over-month gain points to a rebound in high-end buyer activity after a weaker prior period. While demand has improved, it remains relatively selective, indicating a measured pace in the luxury segment.
Monthly Statistics for Single Family Home Above $845k
Home Demand
Index
Index
58
(Limited)
Home Demand Index
from prior month
from prior month
43
Home Demand Index
from prior year
from prior year
50
Months of
Inventory
Inventory
3.4
Average daily inventory last month
335
Inventory sold
last month
last month
100
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | February 2026
Condo Below $410k
Entry-level condo demand in Baltimore stands at 99 this report period, up sharply from 75 last month and slightly above last year’s level of 97. This increase signals a strong rebound in buyer interest for more affordable attached homes. Entry-level condos continue to benefit from their relative accessibility compared with other housing options, supporting resilient demand.
Monthly Statistics for Condo Below $410k
Home Demand
Index
Index
99
(Steady)
Home Demand Index
from prior month
from prior month
75
Home Demand Index
from prior year
from prior year
97
Months of
Inventory
Inventory
4
Average daily inventory last month
421
Inventory sold
last month
last month
106
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | February 2026
Condo Above $410k
Luxury condo demand in Baltimore is 110 this report period, rising significantly from 71 last month but remaining below last year’s level of 121. The month-over-month surge reflects renewed high-end condo activity following a period of softness. Despite the rebound, the year-over-year decline suggests demand has moderated from last year’s peak.
Monthly Statistics for Condo Above $410k
Home Demand
Index
Index
110
(Moderate)
Home Demand Index
from prior month
from prior month
71
Home Demand Index
from prior year
from prior year
121
Months of
Inventory
Inventory
4.8
Average daily inventory last month
115
Inventory sold
last month
last month
24
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | February 2026
Townhouse/Rowhouse/Twin All prices
Townhouse/
Rowhouse/Twin
All prices
Demand for townhouses, rowhouses, and twin homes in Baltimore is 76 this report period, up from 61 last month but slightly below last year’s level of 79. This month-over-month improvement indicates strengthening buyer interest in attached single-family options. However, demand remains just under year-ago levels, suggesting continued caution amid affordability and financing considerations.
Monthly Statistics for Townhouse/Rowhouse/TwinAll prices
Home Demand
Index
Index
76
(Slow)
Home Demand Index
from prior month
from prior month
61
Home Demand Index
from prior year
from prior year
79
Months of
Inventory
Inventory
4
Average daily inventory last month
2,693
Inventory sold
last month
last month
670
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 February 2026 period with data collected from the previous month.
Released: February 10, 2026
Reference ID: 2375
Baltimore | February 2026
Home Demand Map (Zip Codes)
Regional demand across the Baltimore metro remains uneven, with suburban submarkets generally outperforming the urban core. Howard, Harford, Baltimore, and Anne Arundel counties are experiencing a slow pace of activity, as are DelMar Coastal and Maryland Eastern Shore. Carroll County and Baltimore City show limited demand, reflecting the softest conditions in the metro and continued caution among buyers amid affordability and financing pressures.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com