June 2025 Report
Baltimore Metro
Baltimore | June 2025
Home Demand Index
The Home Demand Index (HDI) for the Baltimore metro area is 95 this month, down slightly from 96 last month and slightly above the 90 reading from the same time last year. The current reading places the market in the Steady demand category. While month-over-month demand has softened slightly, the year-over-year gain points to a market that remains relatively stable, with buyer activity holding up despite potential affordability pressures or seasonal shifts.
Demand trends by property type in the Baltimore metro show a general softening from last month, with some exceptions. Entry-level single-family homes (below $360,000) posted a demand index of 68, down from 73 last month and 74 a year ago, reflecting affordability pressures and limited inventory. Mid-priced single-family homes ($360,000–$815,000) edged up to 97 from 96 last month and 90 last year, suggesting stable demand in the move-up market. Luxury single-family homes (above $815,000) rose to 133, up from 119 last month and 109 a year ago, showing continued strength at the high end. Entry-level condos (below $405,000) declined to 133 from 139, but remain well above last year’s 110, indicating ongoing interest. Luxury condos (above $405,000) fell to 151 from 171, yet demand remains high, far exceeding year-ago levels. Townhouses, rowhouses, and twin homes across all price points dipped to 93 from 98, though still slightly above last year’s 91, suggesting mild caution among attached-home buyers.
Monthly Statistics for June 2025
Home Demand
Index
Index
95
(Steady)
Home Demand Index
from prior month
from prior month
96
Home Demand Index
from prior year
from prior year
90
Index change
from prior month
from prior month
-1%
Index change from
same time last year
same time last year
5.6%
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | June 2025
Home Demand Index | Historical Year-over-Year Comparison
Buyer interest in the Baltimore metro area has remained steady, with the Home Demand Index (HDI) at 95 this month just below last month’s 96 and slightly above the 90 recorded a year ago. Over the past 12 months, demand has generally trended upward, with a few seasonal dips but no major declines. The small month-over-month dip is consistent with typical late-summer slowing, while the year-over-year gain reflects stable buyer engagement. Although demand has cooled slightly since the spring, activity remains stronger than last summer, indicating that Baltimore’s housing market is holding firm despite affordability pressures.
Home Demand Index
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | June 2025
Home Demand Map
Buyer activity across the Baltimore metropolitan area remains mixed. Howard County continues to lead the metro with moderate to high demand, driven by its relative affordability and overall suburban appeal. Carroll County also shows moderate demand. Meanwhile, Harford, Anne Arundel, and Baltimore Counties are experiencing steady demand, indicating consistent buyer interest. In contrast, Baltimore City remains in the slow demand range.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | June 2025
Demand and Inventory by Home Type
Demand trends by property type in the Baltimore metro show a general softening from last month, with some exceptions. Entry-level single-family homes (below $360,000) posted a demand index of 68, down from 73 last month and 74 a year ago, reflecting affordability pressures and limited inventory. Mid-priced single-family homes ($360,000–$815,000) edged up to 97 from 96 last month and 90 last year, suggesting stable demand in the move-up market. Luxury single-family homes (above $815,000) rose to 133, up from 119 last month and 109 a year ago, showing continued strength at the high end. Entry-level condos (below $405,000) declined to 133 from 139, but remain well above last year’s 110, indicating ongoing interest. Luxury condos (above $405,000) fell to 151 from 171, yet demand remains high, far exceeding year-ago levels. Townhouses, rowhouses, and twin homes across all price points dipped to 93 from 98, though still slightly above last year’s 91, suggesting mild caution among attached-home buyers.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | June 2025
Single Family Home Below $360k
The HDI for entry-level single-family homes in the Baltimore metro fell to 68 this month, a slight drop from 73 last month and equal to the 74 recorded one year ago. This segment remains in the Slow demand category and continues to feel the effects of affordability constraints and limited supply. Despite this, structural demand persists, particularly among first-time buyers looking for accessibly priced homes.
Monthly Statistics for Single Family Home Below $360k
Home Demand
Index
Index
68
(Limited)
Home Demand Index
from prior month
from prior month
73
Home Demand Index
from prior year
from prior year
74
Months of
inventory
inventory
1.8
Average daily inventory last month
512
Inventory sold
last month
last month
291
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | June 2025
Single Family Home $360k - $815k
Buyer interest in mid-range single-family homes continued its upward trend this month, with the Home Demand Index (HDI) landing at 97. This marks an increase from 96 in the prior month and a rise from 90 a year ago. This consistent growth suggests robust buyer confidence and strong underlying demand in the move-up segment. The sustained upward momentum indicates that qualified buyers are actively seeking and securing homes in this price bracket, with current market conditions appearing favorable for continued activity.
Monthly Statistics for Single Family Home $360k - $815k
Home Demand
Index
Index
97
(Steady)
Home Demand Index
from prior month
from prior month
96
Home Demand Index
from prior year
from prior year
90
Months of
Inventory
Inventory
1.7
Average daily inventory last month
1,467
Inventory sold
last month
last month
857
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | June 2025
Single Family Home Above $815k
Luxury single-family homes saw a notable increase in buyer demand this month, with the index rising to 133 from 119 last month and 109 one year ago. This upward trend places the segment firmly in the High category and reflects strong interest from buyers, particularly in the upper tier of the market. The growth may be attributed to well-capitalized households and cash buyers who remain largely unaffected by interest rate fluctuations. The sustained momentum in this segment signals confidence in the long-term value of luxury properties.
Monthly Statistics for Single Family Home Above $815k
Home Demand
Index
Index
133
(High)
Home Demand Index
from prior month
from prior month
119
Home Demand Index
from prior year
from prior year
109
Months of
Inventory
Inventory
2.8
Average daily inventory last month
642
Inventory sold
last month
last month
226
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | June 2025
Condo Below $405k
The index for entry-level condos fell to 133, down from 139 last month, though still notably above the 110 reading from the same time last year. This sustained year-over-year growth indicates strong interest in more affordable, lower-maintenance housing options. Though monthly demand has cooled slightly, this segment remains in the high demand category, supported by buyers priced out of detached homes.
Monthly Statistics for Condo Below $405k
Home Demand
Index
Index
133
(High)
Home Demand Index
from prior month
from prior month
139
Home Demand Index
from prior year
from prior year
110
Months of
Inventory
Inventory
2.6
Average daily inventory last month
528
Inventory sold
last month
last month
203
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | June 2025
Condo Above $405k
Luxury condos continue to attract solid buyer interest, with the index at 151 this month. Although this is down from 171 last month, the segment remains well above the 127 reading seen a year ago. These elevated levels suggest continued demand among affluent urban and downsizing buyers seeking high-end, low-maintenance living options.
Monthly Statistics for Condo Above $405k
Home Demand
Index
Index
151
(High)
Home Demand Index
from prior month
from prior month
171
Home Demand Index
from prior year
from prior year
127
Months of
Inventory
Inventory
4.8
Average daily inventory last month
139
Inventory sold
last month
last month
29
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | June 2025
Townhouse/Rowhouse/Twin All prices
Townhouse/
Rowhouse/Twin
All prices
Buyer demand for attached homes across all price points declined modestly to 93, from 98 last month and 91 one year ago. While still in the steady category, the drop may signal a pause in activity driven by affordability or competition from other segments. Townhomes and rowhouses remain attractive options for buyers looking for a blend of space and affordability, especially in established neighborhoods close to job centers.
Monthly Statistics for Townhouse/Rowhouse/TwinAll prices
Home Demand
Index
Index
93
(Steady)
Home Demand Index
from prior month
from prior month
98
Home Demand Index
from prior year
from prior year
91
Months of
Inventory
Inventory
2.4
Average daily inventory last month
2,584
Inventory sold
last month
last month
1,070
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 June 2025 period with data collected from the previous month.
Released: June 10, 2025
Reference ID: 2254
Baltimore | June 2025
Home Demand Map (Zip Codes)
Buyer activity across the Baltimore metropolitan area remains mixed. Howard County continues to lead the metro with moderate to high demand, driven by its relative affordability and overall suburban appeal. Carroll County also shows moderate demand. Meanwhile, Harford, Anne Arundel, and Baltimore Counties are experiencing steady demand, indicating consistent buyer interest. In contrast, Baltimore City remains in the slow demand range.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com