What is the Home Demand Index?
The Home Demand Index (HDI) is the nation’s only local housing market index that tracks pre-sale activity to measure housing market competitiveness. The HDI uses data on pre-sale activities, including in-person showings of homes and views of homes online, to measure housing market activity across different geographies and types of homes. The data used to construct the HDI are the most accurate and up-to-date information from the real estate agents and prospective buyers and sellers that are active in the market.
While most housing market indices are based on history, the HDI provides forward-looking insights to real estate professionals and consumers to help make better decisions in a rapidly changing real estate market
Greater Metropolitan Market Areas
The Bright MLS |T3 Home Demand Index currently covers the three greater metropolitan market areas served by Bright MLS, namely the Greater Philadelphia Area (in blue), the Greater Washington D.C. Area (in gray), and the Greater Baltimore Area (in orange).
Colors are provided for visual identification of each market area and do not correlate to index activity level. Make a selection on the map to go to the report for a market area or view an overview of each market area here..
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Washington D.C. | October 2026
Home Demand Index
The Home Demand Index (HDI) for the Washington DC metro area stands at 87 for this report period, up 1 point from last month’s 86 but below the 96 recorded one year ago. That leaves the market 1.2% higher on the month and 9.4% lower than a year ago, keeping a Slow demand rating as the fall season begins. The small monthly gain was led by the luxury tiers, with luxury single-family and luxury condo demand both up sharply, while entry-level single-family and entry condo demand softened.
Demand by home type in Washington DC this period ranges from a high of 108 in the luxury condo tier to a low of 76 in the mid-range single-family tier. Luxury condos rose 18 points on the month to 108 and entry condos read 103, both Steady, while luxury single-family jumped 15 points to 94 (Steady). Entry single-family fell 7 points to 79 and mid-range single-family sits at 76, both Slow. The townhouse/rowhouse format reads 95 (Steady), up 1 point on the month. Inventory is longest in the condo tiers at roughly 7.1 to 7.7 months and shortest in mid-range single-family at about 3.0 months, a soft condo supply picture against a more balanced single-family market.
Monthly Statistics for October 2026
Home Demand
Index
Index
87
(Slow)
Home Demand Index
from prior month
from prior month
86
Home Demand Index
from prior year
from prior year
96
Index change
from prior month
from prior month
1.2%
Index change from
same time last year
same time last year
-9.4%
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | October 2026
Home Demand Index
The Home Demand Index (HDI) for the Philadelphia metro area stands at 78 for this report period, unchanged from last month’s 78 and below the 84 recorded one year ago. That leaves the market flat on the month and 7.1% lower than a year ago, holding a Slow demand rating as the fall season begins. Beneath the steady headline, the tiers moved in opposite directions: luxury single-family and luxury condo demand rose on the month, while the entry and mid-range single-family and entry condo tiers softened.
Demand by home type in Philadelphia this period ranges from a high of 110 in the luxury condo tier to a low of 67 in the luxury single-family tier. Luxury condos jumped 20 points on the month to 110 (Moderate), and entry condos read 95 (Steady), keeping the condo tiers on top. Single-family demand is weaker across the board: entry at 76 (Slow), mid-range at 69 (Limited) and luxury at 67 (Limited), although luxury single-family gained 6 points on the month. The townhouse/rowhouse format, the metro’s largest segment, held at 87. Inventory runs from about 2.4 months in mid-range single-family to 6.0 months in luxury condos, a balanced-to-soft supply picture overall.
Monthly Statistics for October 2026
Home Demand
Index
Index
78
(Slow)
Home Demand Index
from prior month
from prior month
78
Home Demand Index
from prior year
from prior year
84
Index change
from prior month
from prior month
0.0%
Index change from
same time last year
same time last year
-7.1%
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Baltimore | October 2026
Home Demand Index
The Home Demand Index (HDI) for the Baltimore metro area stands at 81 for this report period, down 4 points from last month’s 85 and below the 91 recorded one year ago. That leaves the market 4.7% lower on the month and 11.0% lower than a year ago, extending the late-summer cooling and keeping a Slow demand rating as the fall season begins. The softening is broad: five of the six home-type tiers eased on the month, with only the small luxury condo segment edging higher, which points to affordability pressure rather than a localized shift.
Demand by home type in Baltimore this period ranges from a high of 121 in the luxury condo tier to a low of 68 in the entry single-family tier. The condo tiers continue to screen strongest, with entry condos at 108 (Steady) and luxury condos at 121 (Moderate), the only segment to gain on the month. Single-family demand sits lower and softened across all three price bands: entry at 68 (Limited), mid-range at 78 and luxury at 84, the latter down 22 points from a year ago. The townhouse/rowhouse format reads 86, down 6 points on the month. Inventory runs from about 2.8 months in mid-range single-family to 5.3 months in luxury condos, leaving the metro balanced-to-soft rather than tight.
Monthly Statistics for October 2026
Home Demand
Index
Index
81
(Slow)
Home Demand Index
from prior month
from prior month
85
Home Demand Index
from prior year
from prior year
91
Index change
from prior month
from prior month
-4.7%
Index change from
same time last year
same time last year
-11.0%
Bright MLS | T3 Home Demand Index
www.homedemandindex.com