The Baltimore home demand index is a report put out by T3/Bright MLS, our Baltimore multiple listing service.
The Baltimore home demand index for July 2021 was 145, which is high. It was 149 in June.
Here is the link to the Baltimore home demand July 2021 report.
The report shows a “softening” of the market slightly since April, but attributes this to lack of inventory and a rise in prices, which could make homes less affordable to a number of buyers.
More expensive condos and higher priced single family homes were in the most demand, according to the report.
For single family homes under $250,000, the market was slow at 70, $250-590,000 was high at 152, and above $590,000 was very high at 270! (High is 130 and above.)
Condos below $310,000 were in the moderate range at 129, but that is just one point below high. Condos above $310,000 were very high at 286.
Townhouses have only one category – any/all townhouses in the Baltimore area, and that was high at 151.
This is a very interesting report and a new one to me. I look forward to following it to see what it shows for August.
Please contact me to help you navigate this Baltimore real estate market!