Inventory increases for first time since 2015

Higher mortgage rates and fast-rising prices are starting to take a bite out of some prospective buyers’ purchasing power.

There is a change underway in the Mid-Atlantic housing market as rising mortgage rates and higher prices have begun to impact demand. In many areas, however, market conditions remain very competitive as prices continue to rise and homes continue to sell quickly.
 

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

WASHINGTON D.C. METRO	BALTIMORE METRO	PHILADELPHIA METRO

 
Demand remained in the Moderate range across the major metros, but buyer interest decreased as the spring homebuying season came to an end.

In each metro area, the HDI decreased in May following four months of gains. Buyer demand this spring was also lower than last year, when the HDI was in the High range for each area.

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 May 2022 report.		DOWNLOAD
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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