The Baltimore home demand index for March 2023 was 78, a gain of one point in the “slow” category from the Baltimore home demand index for February 2023 that was “slow” at 77. (Note that the index is one month behind, meaning the data for the March 2023 report is from February 2023.)
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 March 2023 report.
Please note that this is a multi-area of Maryland overview. 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 $375,000 continued to be in higher demand than other types of homes in the Baltimore real estate market.
For single family homes under $330,000, the market was “Slow” at 70, $330-750,000 was “Slow” at 72, and above $750,000 was “Slow” at 72.
Condos below $375,000 were in the “Slow” range at 82. Condos above $375,000 were in the “Moderate” range at 125. This is up from “Steady” at 101 last month.
Townhouses have only one category – any/all townhouses in the Baltimore area, and that stayed in the “Slow” range at 88.
We are definitely continuing to see a shifting Baltimore real estate market.
Here is the Baltimore Home Demand Index February 2023 so you can see the change month-over-month.
Please contact me to help you navigate this Baltimore real estate market!
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