Home demand falls as year-end activity cools

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
 

Mid-Atlantic housing markets continue to show signs of strength, with the median sales price up in all three markets compared to a year ago.

Affordability remains a barrier for many buyers as home price appreciation continues to exceed wages, and inflation reduces purchasing power. However, sales are down just slightly from the frenzied pace of 12 months ago, and it remains a sellers’ market.

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

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

 
Higher-priced single-family homes, which recorded some of the strongest demand last year, saw the largest drop in December.

Buyer demand was down among all types of homes for each metro area in December, reflecting a typical seasonal slowdown when many would-be buyers defer their search until spring.

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

WASHINGTON-D.C.-METRO

BALTIMORE-METRO

PHILADELPHIA-METRO

Shareable resources

Mid-Atlantic Overview Download the December 2021 report.		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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