The Baltimore home demand index for October 2022 was 101, a drop of six points from the Baltimore home demand index for September 2022 that was “steady” at 107. (Note that the index is one month behind, meaning the data for the October report is from September 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 October 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 197, down from 218 in September, but 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 36 (down from the limited market at 37 in September,) $250-590,000 was “Steady” at 102 (down nine points from September,) and above $590,000 was “High” at 197 (High is 130 and above.)
Condos below $310,000 fell into the “Low” range at 80, down 19 points from the “Steady” range of 99 last month. Condos above $310,000 remained very high at 225, which was a decrease from the September number of 252.
Townhouses have only one category – any/all townhouses in the Baltimore area, and that was “Moderate” at 111, a drop from 115 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 September 2022 so you can see the comparisons.
Please contact me to help you navigate this Baltimore real estate market!