The Baltimore home demand index for August 2022 was 114, a drop of two points from the Baltimore home demand index for July 2022 that was “moderate” at 116. (Note that the index is one month behind, meaning the data for the August report is from July 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 August 2022 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, dropping to 249, down from 262 in July, but keeping them at the “High” level. (High is 130 and above, so this is still extremely high demand.
For single family homes under $250,000, the market was “limited” at 38 (up from the limited market at 36 in July,) $250-590,000 was “Moderate” at 117 (down two points from July,) and above $590,000 was very “High” at 249 (High is 130 and above.)
Condos below $310,000 stayed in the “Steady” range at 103, down one point from the “Steady” range of 104 last month. Condos above $310,000 remained very high at 251, a drop from the July number of 273.
Townhouses have only one category – any/all townhouses in the Baltimore area, and that was “Moderate” at 120, an increase from 119 last month.
This is a very interesting report, especially because in particular areas, I am finding demand to still be pretty high and inventory low, though I have definitely felt and noticed a difference in the past month as compared to the past year. I look forward to following it to see what it shows for September.
Here is the Baltimore Home Demand Index for July 2022 so you can see the comparisons.
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