The Baltimore home demand index for May 2024 is 88, up one point from last month, remaining the “slow” category from the Baltimore home demand index for April 2024 that was “slow” at 87. (Note that the index is one month behind, meaning the data for the May 2024 report is from April 2024.)

The Baltimore home demand index is a report created by T3/Bright MLS, the company that runs our Baltimore real estate multiple listing service.

Here is the link to the Baltimore home demand May 2024 report.

Please understand 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 have different scenarios, prices and timelines than this generalized report.

For this month’s report, condos above $396,000 continued to be in higher demand than other types of homes in the Baltimore real estate market.

For single family homes under $348,000, the market was “Limited” at 66 (down five points from “Slow” at 71 for April), $348-795,000 was “Slow” at 88 (up from “Slow” at 83) and above $795,000 was “Moderate” at 114 (up from “Steady” at 91.) The mid-and higher-priced homes rose a good amount.

Condos below $396,000 stayed in the “Steady” range at 104, down from 109 last month. Condos above $396,000 stayed the “Moderate” range at 118, down from 123.

Townhouses have only one category – any/all townhouses in the Baltimore area, and that stayed in the “Steady” range at 90, down from 93 last month.

We are continuing to see a shifting Baltimore real estate market. This month saw drops in a number of categories from last month, while other categories had moderate gains.

Here is the Baltimore Home Demand Index April 2024 so you can see the changes month-over-month.

Please contact me to help you navigate the Baltimore real estate market!