The Baltimore home demand index for December 2022 was 78, a drop of 12 points to the “slow” category from the Baltimore home demand index for November 2022 that was “steady” at 90. (Note that the index is one month behind, meaning the data for the December report is from November 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 December 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 and condos above $310,000 continued to be in higher demand than other types of homes in the Baltimore real estate market.
For single family homes under $250,000, the market was “limited” at 27 (down from the limited market at 34 in November,) $250-590,000 was “Steady” at 78 (down 12 points from November,) and above $590,000 was “High” at 142, which is down 26 points from November. (High is 130 and above.)
Condos below $310,000 stayed the “Slow” range at 70, down seven points from the “Slow” range of 77 last month. Condos above $310,000 remained very high at 190, which was a decrease from the November number of 203.
Townhouses have only one category – any/all townhouses in the Baltimore area, and that dropped into the “Slow” range at 88, a drop from 99 last month.
This is a very interesting report, as we are definitely feeling and seeing a market shift in the Baltimore real estate market.
Here is the Baltimore Home Demand Index November 2022 so you can see the comparisons.
Please contact me to help you navigate this Baltimore real estate market!