The Baltimore home demand index for June 2024 is 87, down one point from last month, remaining the “slow” category from the Baltimore home demand index for May 2024 that was “slow” at 88. (Please note that the index is one month behind, meaning the data for the June 2024 report is from May 2024.)

The Baltimore home demand index is a report created by T3/Bright MLS, the company that runs our Baltimore real estate multiple listing service.

Here is the link to the Baltimore home demand June 2024 report.

That this is a multi-area overview of Maryland home sales for the prior month. It includes Anne Arundel, Baltimore City, Baltimore, Carroll, Harford, and Howard counties. Your Baltimore neighborhood’s value may have different scenarios, prices and timelines than this general area report.

For this month’s report, condos above $395,000 continued to be in higher demand than other types of homes in the Baltimore real estate market.

For single family homes under $350,000, the market was “Limited” at 69 (up three points from “Slow” at 66 for May), $350-800,000 was “Slow” at 87 (down one point from “Slow” at 88) and above $800,000 was “Steady” at 107 (down from “Moderate” at 114.)

Condos below $395,000 stayed in the “Steady” range at 105, up from 104 last month. Condos above $396,000 stayed the “Moderate” range at 126, up from 118.

Townhouses have only one category – any/all townhouses in the Baltimore area, and that dropped into the “Slow” range at 88, down from 93 last month.

We are continuing to see a shifting Baltimore real estate market. This month saw drops in a number of categories from last month, while other categories had moderate gains.

Here is the Baltimore Home Demand Index May 2024 so you can see the changes month-over-month.

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