The Baltimore home demand index for May 2023 was 93, a gain of five points into the “steady” category from the Baltimore home demand index for April 2023 that was “slow” at 88. (Note that the index is one month behind, meaning the data for the May 2023 report is from April 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 May 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 $327,000, the market was “Slow” at 76, $327-750,000 was “Slow” at 89, and above $750,000 was “Moderate” at 112.
Condos below $375,000 were in the “Steady” range at 103. Condos above $375,000 were in the “High” range at 157.
Townhouses have only one category – any/all townhouses in the Baltimore area, and that rose to the “Steady” range at 100.
We are definitely continuing to see a shifting Baltimore real estate market.
Here is the Baltimore Home Demand Index April 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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