The Baltimore home demand index for September 2022 was 107, a drop of seven points from the Baltimore home demand index for August 2022 that was “moderate” at 115. (Note that the index is one month behind, meaning the data for the September report is from August 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 September 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 220, down from 249 in August, 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 35 (down from the limited market at 38 in August,) $250-590,000 was “Moderate” at 110 (down eight points from August,) and above $590,000 was very “High” at 220 (High is 130 and above.)
Condos below $310,000 stayed in the “Steady” range at 98, down eight points from the “Steady” range of 106 last month. Condos above $310,000 remained very high at 255, an increase from the August number of 251.
Townhouses have only one category – any/all townhouses in the Baltimore area, and that was “Moderate” at 115, a drop from 120 last month.
This is a very interesting report, especially because in particular areas, I am finding demand to still be pretty high and inventory low, though I have definitely felt and noticed a difference in the past two months as compared to the past year. Historically, August numbers have demonstrated a slow down from the first few months of summer. I look forward to following it to see what it shows for October.
Here is the Baltimore Home Demand Index for August 2022 so you can see the comparisons.
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