The Baltimore home demand index for June 2022 was 117, a drop of 10 points from the Baltimore home demand index for May 2022 that was “moderate” at 127. (Note that the index is one month behind, meaning the data for the June report is from May 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 June 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, dropping to 252, down from 263 in May, 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 34 (down from the limited market at 41 in May,) $250-590,000 was “High” at 121 (down 12 points from May,) and above $590,000 was very “High” at 252 (High is 130 and above.)
Condos below $310,000 dropped to the “Steady” range at 74, down from the “Moderate” range of 115 last month. Condos above $310,000 remained very high at 261, a jump from the May number of 240.
Townhouses have only one category – any/all townhouses in the Baltimore area, and that was “Moderate” at 123, a decrease from 138 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 July.
Here is the Baltimore Home Demand Index for May 2022 so you can see the comparisons.
Please contact me to help you navigate this Baltimore real estate market!