The Baltimore home demand index is a report created and released by T3/Bright MLS, our Baltimore multiple listing service.
The Baltimore home demand index for December 2021 was 98, a drop of 22 points from the Baltimore home demand index for November 2021 that was moderate at 119.
Here is the link to the Baltimore home demand December 2021 report.
Seasonally, we tend to see a drop off at the end of the year. This year, higher priced single family homes continued to be in the most demand, but also fell the most dramatically according to the report, with a drop of 25% from the prior month.
For single family homes under $250,000, the market was “limited” at 42 (down from the limited market at 51 in November,) $250-590,000 was moderate at 108 (down 20 points from November,) and above $590,000 was high at 144 (High is 130 and above, though this was a drop from 193 in November.)
Condos below $310,000 dropped into the “slow” range at 88, a drop from the “steady” range at 109 last month. Condos above $310,000 remained very high at 220, a drop from the November number of 243.
Townhouses have only one category – any/all townhouses in the Baltimore area, and that was steady at 107, a drop from high of 130 last month.
This is a very interesting report. I look forward to following it to see what it shows for January.
Please contact me to help you navigate this Baltimore real estate market!