The Baltimore home demand index is a report created and released by T3/Bright MLS, our Baltimore multiple listing service.

The Baltimore home demand index for February 2022 was 92, a rise of 19 points from the Baltimore home demand index for January 2022 that was “slow” at 73. (Note that the index is one month behind, meaning the data for the February report is from January 2022.)

Here is the link to the Baltimore home demand February report.

Counties varied on their demand, Howard County demand was “Moderate,” the level in Baltimore and Harford counties was “Steady.”

Historically, we tend to see a low at the end of a year and the beginning of a new year. This is also an entire state overview. Your Baltimore neighborhood’s value may see different scenarios than this generalized report. As I mentioned in my last post, I had never been so busy between Christmas and New Year’s Day before in my 23+ years in business, and these preparations were for homes coming to the market in three different location in the Baltimore real estate market.

This year, higher priced single family homes continued to be in higher demand, rising to 27 points from the prior month putting them at the “Moderate” level.

For single family homes under $250,000, the market was “limited” at 41 (up from the limited market at 34 in January,) $250-590,000 was “Steady” at 93 (up 14 points from January,) and above $590,000 was “Moderate” at 127 (High is 130 and above.)

Condos below $310,000 rose into the “Moderate” range at 93 , a rise from 75 last month. Condos above $310,000 remained high at 254, a big jump from the January number of 175.

Townhouses have only one category – any/all townhouses in the Baltimore area, and that was “Steady” at 108, a jump from 82 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 March.

Please contact me to help you navigate this Baltimore real estate market!