Mid-Atlantic cools, smaller markets hold stronger

Bright Insights, June 2022: Rising mortgage rates and growing economic uncertainties suggest the housing market will continue to adjust throughout the summer.

July 14,  2022

Lisa Sturtevant, PhD

The month of June saw cooler market conditions with fewer sales, slower price growth, and expanded inventory across the Mid-Atlantic.

Sales were down 18.1% compared to last year, but home prices continued to rise, with the median sales price up 7.8% for the region.
 

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

WASHINGTON D.C. METRO BALTIMORE METRO PHILADELPHIA METRO

 June 2022 Market Report - Washington Metro

 June 2022 Market Report - Baltimore Metro

 June 2022 Market Report - Philadelphia Metro

 
Buyer demand continued to track below last year in each of the major metros, remaining in the Moderate range.

The HDI shows that demand for higher-priced single-family homes and condominiums went up in the Philadelphia and Baltimore metro areas, while demand for higher-priced homes has eased in the Washington region.

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

WASHINGTON-D.C.-METRO
BALTIMORE-METRO
PHILADELPHIA-METRO
 

Shareable resources

Mid-Atlantic Overview

Download the June 2022 report.

Mid-Atlantic Overview
DOWNLOAD
Key Findings - Washington, D.C.

Download this graphic for the Washington D.C. Metro.

Housing Market Key Findings - Washington D.C. Metro
DOWNLOAD
Key Findings - Baltimore

Download this graphic for the Baltimore Metro.

Housing Market Key Findings - Baltimore Metro
DOWNLOAD
Key Findings - Philadelphia

Download this graphic for the Philadelphia Metro.

Housing Market Key Findings - Philadelphia Metro
DOWNLOAD
Weekly Market Update

Access these weekly reports for real-time data on residential market activity across the Bright footprint.

Weekly Market Update
ACCESS NOW

 
Want to see the statistics for your county?

Register for your free SmartCharts account to view monthly housing statistics for your county. And, if you want to dive even deeper, upgrade to SmartCharts Pro for zip code and school district-level statistics. Register today!

Get Answers from Our Expert

Have questions about the current housing market you'd like Bright's Economist, Lisa Sturtevant, to address in an upcoming article? Let us know!

Recent articles

Inside Look: Buyer Demand Insights

Get the latest insights from the Bright MLS T3 Home Demand Index and how to share them with your clients in this exclusive webinar event.

Back to Top