The Baltimore home demand index for May 2022 was 127, a rise of six points from the Baltimore home demand index for April 2022 that was “moderate” at 121. (Note that the index is one month behind, meaning the data for the May report is from April 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 May 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 263, up from 246 in April, 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 41 (down from the limited market at 50 in April,) $250-590,000 was “High” at 132 (up 11 points from April,) and above $590,000 was very “High” at 263 (High is 130 and above.)
Condos below $310,000 rose to the “Moderate” range at 114 , up from the “Steady” range of 97 last month. Condos above $310,000 remained very high at 241, a drop from the April number of 278.
Townhouses have only one category – any/all townhouses in the Baltimore area, and that was “High” at 138, an increase from 134 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 June.
Here is the Baltimore Home Demand Index for April 2022 so you can see the comparisons.
Please contact me to help you navigate this Baltimore real estate market!