The Baltimore home demand index for September 2024 is 84, down two points from last month, remaining the “slow” category from the Baltimore home demand index for August 2024 that was “slow” at 86. (Please note that the index is one month behind, meaning the data for the September 2024 report is from August 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 September 2024 report.

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.

Baltimore condos above $400,000 continued to be in higher demand than other types of homes in the Baltimore real estate market.

For Baltimore single family homes under $350,000, the market was “Limited” at 67 (down two points from 69 for August), $350-805,000 was “Slow” at 84 (down one point from “Slow” at 85) and above $805,000 was “Steady” at 90 (down 10 points from “Steady” at 100 in August.)

Baltimore Condos below $400,000 stayed into the “Steady” range at 100, down from 102 last month. Condos above $400,000 stayed in high demand, remaining in the “High” range at 138, down from 152 last month.

Townhouses have only one category – any/all townhouses in the Baltimore area, and that fell in the “Slow” range at 89, down one point from the “Stready” range at 90 last month.

We are continuing to see a shifting Baltimore real estate market. This month saw drops in all categories of Baltimore homes.

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

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