Demand picks up ahead of spring market

The latest insights from the Bright MLS T3 Home Demand Index and the Monthly Market Reports are posted every month here at: BrightMLS.com/MarketInsights
 

Sales activity declined to more seasonal levels in what is still a sellers’ market, with homes selling for 100% or more of the asking price.

The challenge of limited supply continues to be a key factor in rising prices, and will likely impact buyers heading into the spring market.

 
How did the market perform in January? Download the Monthly Market Reports:

WASHINGTON D.C. METRO	BALTIMORE METRO	PHILADELPHIA METRO
Monthly Market Report	Monthly Market Report	Monthly Market Report

 
Home demand rose across each of the major metros in January, as the market saw more seasonal gains compared to the records of last year.

Demand increased among all home types, with the strongest interest recorded in the higher-priced single-family home and higher-priced condo segments. Across each of the major metros, demand was lower than a year ago, reflecting a more seasonal increase compared to last January’s unprecedented market.

Dive deeper into your market down to the ZIP code! Choose any area to view the Home Demand Index February 2022 Reports. For help using the map, watch our video.

WASHINGTON-D.C.-METRO

BALTIMORE-METRO

PHILADELPHIA-METRO

Shareable resources

Key Findings - Washington, D.C. Download this graphic for the Washington D.C. Metro.		DOWNLOAD
Key Findings - Baltimore Download this graphic for the Baltimore Metro.		DOWNLOAD
Key Findings - Philadelphia Download this graphic for the Philadelphia Metro.		DOWNLOAD
Weekly Market Update Access these weekly reports for real-time data on residential market activity across the Bright footprint.		ACCESS NOW

 
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