The Baltimore home demand index for January 2024 is 55, down 10 points from last month, remaining in the “limited” category from the Baltimore home demand index for December 2023 that was “limited” at 65. (Note that the index is one month behind, meaning the data for the January 2024 report is from December 2023.)

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 January 2024 report.

Please note that this is a multi-area overview of Maryland home sales. It includes Anne Arundel, Baltimore City, Baltimore, Carroll, Harford, and Howard counties. Your Baltimore neighborhood’s value may see different scenarios than this generalized report.

For this month’s report, condos above $390,000 continued to be in higher demand than other types of homes in the Baltimore real estate market.

For single family homes under $340,000, the market was “Limited” at 48, $340-785,000 was “Limited” at 50, and above $785,000 was “Limited” at 43. These are all lower than last month.

Condos below $390,000 stayed in the “Slow” range at 75. Condos above $390,000 fell into the “Limited” range at 67.

Townhouses have only one category – any/all townhouses in the Baltimore area, and that fell into the “Limited” range at 62, down from 73 last month.

We are continuing to see a shifting Baltimore real estate market. This month had very large drops in every category.

Here is the Baltimore Home Demand Index December 2023 so you can see the changes month-over-month.

Please contact me to help you navigate the Baltimore real estate market!