The Baltimore home demand index for February 2024 is 67, up 12 points from last month, remaining in the “limited” category from the Baltimore home demand index for January 2024 that was “limited” at 55. (Note that the index is one month behind, meaning the data for the February 2024 report is from January 2024.)

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 February 2024 report.

Please note that this is a multi-area overview of Maryland home sales. It includes Anne Arundel, Baltimore City, Baltimore, Carroll, Harford, and Howard counties. Your Baltimore neighborhood’s value may see different scenarios than this generalized report.

For this month’s report, condos above $390,000 continued to be in higher demand than other types of homes in the Baltimore real estate market.

For single family homes under $340,000, the market was “Limited” at 60 (up from 48), $340-785,000 was “Limited” at 61 (up from 50) and above $785,000 was “Limited” at 55 (up from 43.) These are all higher than last month.

Condos below $390,000 moved up into the “Steady” range at 93, up from 75 last month. Condos above $390,000 rose into the “Moderate” range at 119, up from 67.

Townhouses have only one category – any/all townhouses in the Baltimore area, and that rose into the “Slow” range at 74, up from 62 last month.

We are continuing to see a shifting Baltimore real estate market. This month rose in every category.

Here is the Baltimore Home Demand Index January 2024 so you can see the changes month-over-month.

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