The Baltimore home demand index for November 2022 was 90, a drop of 11 points from the Baltimore home demand index for October 2022 that was “steady” at 101. (Note that the index is one month behind, meaning the data for the November report is from October 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 November 2022 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, dropping to 168, down from 197 in September, but keeping them at the “High” level. (High is 130 and above, so this is still high demand.)
For single family homes under $250,000, the market was “limited” at 34 (down from the limited market at 36 in October,) $250-590,000 was “Steady” at 90 (down 12 points from October,) and above $590,000 was “High” at 168 (High is 130 and above.)
Condos below $310,000 stayed the “Low” range at 77, down three points from the “Low” range of 80 last month. Condos above $310,000 remained high at 200, which was a decrease from the October number of 225.
Townhouses have only one category – any/all townhouses in the Baltimore area, and that dropped into the “Steady” range at 98 a drop from 112 last month.
This is a very interesting report, as we are definitely feeling and seeing a market shift in the Baltimore real estate market.
Here is the Baltimore Home Demand Index for October 2022 so you can see the comparisons.
Please contact me to help you navigate this Baltimore real estate market!