The Baltimore home demand index for April 2022 was 121, a rise of 13 points from the Baltimore home demand index for March 2022 that was “moderate” at 108. (Note that the index is one month behind, meaning the data for the April report is from March 2022.)
The Baltimore home demand index is a report created and released by T3/Bright MLS, our Baltimore multiple listing service.
Here is the link to the Baltimore home demand April report.
This is an entire state overview. Your Baltimore neighborhood’s value may see different scenarios than this generalized report.
For this month’s report, higher priced single family homes continued to be in higher demand, rising to 42 percent from the prior month, keeping them at the “High” level.
For single family homes under $250,000, the market was “limited” at 50 (up from the limited market at 42 in March,) $250-590,000 was “Moderate” at 121 (up six points from March,) and above $590,000 was very “High” at 245 (High is 130 and above.)
Condos below $310,000 remained in the “Steady” range at 96 , a drop from 99 last month. Condos above $310,000 remained very high at 276, a drop from the March number of 285.
Townhouses have only one category – any/all townhouses in the Baltimore area, and that was “High” at 133, an increase from 122 last month.
This is a very interesting report, especially because in particular areas, I am finding demand to be still very high and inventory low. I look forward to following it to see what it shows for May.
Here is the Baltimore Home Demand Index for March 2022 so you can see the comparisons.
Please contact me to help you navigate this Baltimore real estate market!