The Baltimore home demand index for March 2024 is 80, up 13 points from last month, rising into the “slow” category from the Baltimore home demand index for February 2024 that was “limited” at 67. (Note that the index is one month behind, meaning the data for the March 2024 report is from February 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 March 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 $345,000, the market was “Slow” at 72 (up from “Limited” at 60), $345-792,000 was “Slow” at 70 (up from “Limited” at 61) and above $792,000 was “Slow” at 83 (up from “Limited” at 55.) These are all much higher than last month.
Condos below $390,000 stayed in the “Steady” range at 101, up from 93 last month. Condos above $390,000 stayed the “Moderate” range at 112, down from 119.
Townhouses have only one category – any/all townhouses in the Baltimore area, and that stayed in the “Slow” range at 85, up from 74 last month.
We are continuing to see a shifting Baltimore real estate market. This month rose in every category except condos over $390,000, but that was already the highest category.
Here is the Baltimore Home Demand Index February 2024 so you can see the changes month-over-month.
Please contact me to help you navigate the Baltimore real estate market!
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