March 2026 Report
Baltimore Metro
Baltimore | March 2026
Home Demand Index
The Home Demand Index (HDI) for the Baltimore metro area stands at 73 for this report period, up modestly from 71 last month but below the 80 recorded during the same period one year ago. This month-over-month improvement signals a tentative early-spring uptick in buyer engagement, consistent with seasonal reactivation following the winter slowdown. The year-over-year gap, however, indicates the market has not yet recovered to last March’s demand level, with affordability constraints and rate sensitivity continuing to temper the pace of recovery.
Demand by home type in Baltimore shows a mixed but generally firming picture this period, with most segments holding steady or improving modestly from last month while trailing year-ago levels. Entry-level single-family homes registered an index of 65, down slightly from 66 last month and meaningfully below the 73 posted one year ago, reflecting persistent affordability pressure on first-time and value-driven buyers in the most rate-sensitive segment. Mid-range single-family homes held flat at 65 ‚ unchanged from last month but below last year’s 72‚ suggesting move-up buyer activity has stabilized but not yet accelerated into spring. Luxury single-family homes improved to 66 from 60 last month, though demand remains below the 69 recorded a year ago, pointing to selective high-end engagement rather than broad-based momentum. Entry-level condos continue to outperform detached categories, rising to 105 from 102 last month, though slightly below last year’s 110, reinforcing their role as an affordability alternative for buyers navigating constrained budgets. Luxury condos posted 113, essentially unchanged from 114 last month but notably below last year’s 162, signaling a meaningful year-over-year cooling in high-end attached demand. Townhouses, rowhouses, and twin homes advanced to 82 from 78 last month, though still trailing the 89 recorded a year ago ‚ a segment that continues to benefit from its price-to-space value proposition as spring buyer activity builds.
Monthly Statistics for March 2026
Home Demand
Index
Index
73
(Slow)
Home Demand Index
from prior month
from prior month
71
Home Demand Index
from prior year
from prior year
80
Index change
from prior month
from prior month
2.8%
Index change from
same time last year
same time last year
-8.8%
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | March 2026
Home Demand Index | Historical Year-over-Year Comparison
Over the past 12 months, Baltimore’s Home Demand Index has traced a familiar seasonal arc, peaking in the spring and early summer near the mid-to-upper 90s before declining sharply through the winter months, bottoming at 57 in December before staging a gradual recovery through January and February. The current reading of 73 marks a continuation of that rebound, though it trails the 80 posted at this same point last year, underscoring that the recovery slope has been shallower than the prior-year trajectory. The line chart reflects a market that has regained some seasonal footing but remains structurally softer than twelve months ago, with affordability and financing conditions continuing to restrain the magnitude of spring demand acceleration.
Home Demand Index
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | March 2026
Home Demand Map
Regional demand across the Baltimore metro remains unevenly distributed, with suburban counties continuing to outperform the urban core as buyers prioritize space, relative affordability, and school district quality. Howard and Harford counties are likely tracking above the metro-wide index of 73, while Baltimore and Anne Arundel counties are operating closer to that midpoint, reflecting steady but measured activity. Carroll County and Baltimore City remain the softest submarkets in the region, where affordability friction, limited inventory at accessible price points, and cautious buyer sentiment are most pronounced.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | March 2026
Demand and Inventory by Home Type
Demand by home type in Baltimore shows a mixed but generally firming picture this period, with most segments holding steady or improving modestly from last month while trailing year-ago levels. Entry-level single-family homes registered an index of 65, down slightly from 66 last month and meaningfully below the 73 posted one year ago, reflecting persistent affordability pressure on first-time and value-driven buyers in the most rate-sensitive segment. Mid-range single-family homes held flat at 65 ‚ unchanged from last month but below last year’s 72‚ suggesting move-up buyer activity has stabilized but not yet accelerated into spring. Luxury single-family homes improved to 66 from 60 last month, though demand remains below the 69 recorded a year ago, pointing to selective high-end engagement rather than broad-based momentum. Entry-level condos continue to outperform detached categories, rising to 105 from 102 last month, though slightly below last year’s 110, reinforcing their role as an affordability alternative for buyers navigating constrained budgets. Luxury condos posted 113, essentially unchanged from 114 last month but notably below last year’s 162, signaling a meaningful year-over-year cooling in high-end attached demand. Townhouses, rowhouses, and twin homes advanced to 82 from 78 last month, though still trailing the 89 recorded a year ago ‚ a segment that continues to benefit from its price-to-space value proposition as spring buyer activity builds.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | March 2026
Single Family Home Below $375k
The index for entry-level single-family homes in Baltimore stands at 65 this report period, down slightly from 66 last month and below the 73 recorded one year ago. The marginal month-over-month decline suggests demand in this segment has plateaued rather than accelerated into the spring season, consistent with continued affordability constraints limiting first-time buyer momentum. The year-over-year gap of eight points indicates this tier is operating at a measurably softer pace than last March, with elevated financing costs and limited listings at accessible price points continuing to cap broader engagement.
Monthly Statistics for Single Family Home Below $375k
Home Demand
Index
Index
65
(Limited)
Home Demand Index
from prior month
from prior month
66
Home Demand Index
from prior year
from prior year
73
Months of
inventory
inventory
2.5
Average daily inventory last month
578
Inventory sold
last month
last month
232
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | March 2026
Single Family Home $375k - $850k
Mid-range single-family homes in Baltimore registered an index of 65 this report period, unchanged from last month and below last year’s reading of 72. The flat month-over-month performance suggests move-up buyer activity has stabilized after the winter slowdown but has not yet shown meaningful spring acceleration. The year-over-year shortfall of seven points reflects ongoing sensitivity to financing costs in this segment, as buyers weighing payment affordability against available inventory remain cautious despite early seasonal improvement in the broader market.
Monthly Statistics for Single Family Home $375k - $850k
Home Demand
Index
Index
65
(Limited)
Home Demand Index
from prior month
from prior month
65
Home Demand Index
from prior year
from prior year
72
Months of
Inventory
Inventory
2.1
Average daily inventory last month
1,082
Inventory sold
last month
last month
509
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | March 2026
Single Family Home Above $850k
The index for luxury single-family homes in Baltimore stands at 66 this report period, up from 60 last month and modestly below last year’s reading of 69. The month-over-month gain points to renewed activity among high-end buyers as spring inventory begins to enter the market, consistent with the discretionary nature of demand in this tier. The slight year-over-year softening suggests the luxury segment has not fully recaptured its prior-spring momentum, though the directional improvement indicates buyer interest is rebuilding at a measured pace.
Monthly Statistics for Single Family Home Above $850k
Home Demand
Index
Index
66
(Limited)
Home Demand Index
from prior month
from prior month
60
Home Demand Index
from prior year
from prior year
69
Months of
Inventory
Inventory
3.3
Average daily inventory last month
313
Inventory sold
last month
last month
95
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | March 2026
Condo Below $405k
Entry-level condo demand in Baltimore stands at 105 this report period, up from 102 last month and slightly below last year’s level of 110. The month-over-month gain reinforces the segment’s position as one of the more resilient demand tiers in the metro, as buyers seeking lower price points and reduced maintenance costs continue to find condos an accessible alternative to detached homes. The modest year-over-year decline reflects some normalization from last spring’s stronger conditions, though at 105 this segment remains well above the broader market index and continues to attract consistent interest from affordability-driven and lifestyle-oriented buyers alike.
Monthly Statistics for Condo Below $405k
Home Demand
Index
Index
105
(Steady)
Home Demand Index
from prior month
from prior month
102
Home Demand Index
from prior year
from prior year
110
Months of
Inventory
Inventory
3.4
Average daily inventory last month
440
Inventory sold
last month
last month
130
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | March 2026
Condo Above $405k
Luxury condo demand in Baltimore registered 113 this report period, essentially flat with last month’s 114 but notably below last year’s level of 162. The stability month-over-month suggests high-end condo buyers are maintaining a consistent presence in the market without materially expanding their activity. The pronounced year-over-year decline of 49 points warrants monitoring, as it may reflect a structural recalibration in this segment following an unusually elevated prior-spring period, shifting buyer preferences, or pricing adjustments that are taking longer to resolve.
Monthly Statistics for Condo Above $405k
Home Demand
Index
Index
113
(Moderate)
Home Demand Index
from prior month
from prior month
114
Home Demand Index
from prior year
from prior year
162
Months of
Inventory
Inventory
7.0
Average daily inventory last month
111
Inventory sold
last month
last month
16
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | March 2026
Townhouse/Rowhouse/Twin All prices
Townhouse/
Rowhouse/Twin
All prices
The index for townhouses, rowhouses, and twin homes in Baltimore stands at 82 this report period, up from 78 last month and below last year’s level of 89. The month-over-month improvement signals strengthening buyer interest in attached single-family options as the spring season takes hold, consistent with this segment’s historically responsive demand pattern during the early selling season. The year-over-year gap of seven points suggests demand, while directionally positive, has not yet matched the pace of last March, with buyers in this category remaining attentive to affordability and financing conditions even as activity builds.
Monthly Statistics for Townhouse/Rowhouse/TwinAll prices
Home Demand
Index
Index
82
(Slow)
Home Demand Index
from prior month
from prior month
78
Home Demand Index
from prior year
from prior year
89
Months of
Inventory
Inventory
4.0
Average daily inventory last month
2,694
Inventory sold
last month
last month
667
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 March 2026 period with data collected from the previous month.
Released: March 10, 2026
Reference ID: 2390
Baltimore | March 2026
Home Demand Map (Zip Codes)
Regional demand across the Baltimore metro remains unevenly distributed, with suburban counties continuing to outperform the urban core as buyers prioritize space, relative affordability, and school district quality. Howard and Harford counties are likely tracking above the metro-wide index of 73, while Baltimore and Anne Arundel counties are operating closer to that midpoint, reflecting steady but measured activity. Carroll County and Baltimore City remain the softest submarkets in the region, where affordability friction, limited inventory at accessible price points, and cautious buyer sentiment are most pronounced.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com