The Baltimore home demand index for July 2022 was 116, a drop of one point from the Baltimore home demand index for June 2022 that was “moderate” at 117. (Note that the index is one month behind, meaning the data for the July report is from June 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 July 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, rising to 262, up from 252 in June , 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 36 (up from the limited market at 34 in June,) $250-590,000 was “High” at 119 (down three points from June,) and above $590,000 was very “High” at 262 (High is 130 and above.)
Condos below $310,000 stayed in the “Steady” range at 103, up from the “Steady” range of 98 last month. Condos above $310,000 remained very high at 273, a jump from the June number of 261.
Townhouses have only one category – any/all townhouses in the Baltimore area, and that was “Moderate” at 119, a decrease from 123 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 August.
Here is the Baltimore Home Demand Index for June 2022 so you can see the comparisons.
Please contact me to help you navigate this Baltimore real estate market!