Baltimore Metro

March 2025 | 
Home Demand Index: 75 | 
Tier: Slow

Metro Area Overview

The Home Demand Index (HDI) for Baltimore stands at 75 this report period, reflecting an increase from last month’s 68 but a decline from last year’s 83. This upward movement suggests a strengthening in buyer activity compared to the previous month, though demand remains lower than the same period last year. Market conditions continue to be influenced by affordability constraints and inventory challenges.
The market trend line, below, provides a high-level monthly overview of the Home Demand Index for each of the metro market areas within the Greater Baltimore Metro Area. The Home Demand Index is baselined at 100, with 90-110 indicating a steady market. Index values above 110 indicate moderate and high activity while Index values below 90 indicate slower or limited activity. For more information for a given period of time, click on any point on the map to pull up the monthly report.
Metro Market Trend Data by Bright MLS | T3 Home Demand Index
Each of the market areas listed above are defined as follows:
  • Baltimore Metro – Anne Arundel, MD; Baltimore City, MD; Baltimore, MD; Carroll, MD; Harford, MD; Howard, MD;
  • DelMar Coastal – Somerset, MD; Sussex, DE; Wicomico, MD; Worcester, MD;
  • Maryland Eastern Shore – Caroline, MD; Cecil, MD; Dorchester, MD; Kent, MD; Queen Annes, MD; Talbot, MD;

Baltimore | March 2025

Home Demand Index

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The Home Demand Index (HDI) for Baltimore stands at 75 this report period, reflecting an increase from last month’s 68 but a decline from last year’s 83. This upward movement suggests a strengthening in buyer activity compared to the previous month, though demand remains lower than the same period last year. Market conditions continue to be influenced by affordability constraints and inventory challenges.
Entry-level single-family homes have experienced a modest increase in demand, driven by affordability constraints and limited inventory. Mid-market single-family homes saw a 10% rise in demand, suggesting improved buyer confidence. Luxury single-family homes exhibited the strongest growth, with a 31% increase, possibly fueled by shifting investment preferences. Entry-level condos have maintained steady demand, with competition persisting due to tight supply. Luxury condos continue to see heightened demand, reinforcing the overall trend of increased buyer activity across property types.
Monthly Statistics for March 2025
Home Demand
Index
75
(Slow)
Home Demand Index
from prior month
68
Home Demand Index
from prior year
83
Index change
from prior month
10.3%
Index change from
same time last year
-9.6%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com