Inventory rises across all markets

Bright Insights, July 2022: The Mid-Atlantic is seeing slower activity as rising mortgage rates and high inflation have caused buyers to pull back.

August 11,  2022

Lisa Sturtevant, PhD

For the first time, the number of active listings increased across the Bright footprint.

Despite the inventory increases, there is still just 1.40 months of supply across the Mid-Atlantic, a lower level than in many other parts of the country. Prices continue to rise but at much lower rates than earlier this year.
 

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

WASHINGTON D.C. METRO BALTIMORE METRO PHILADELPHIA METRO

 July 2022 Market Report - Washington Metro

 July 2022 Market Report - Baltimore Metro

 July 2022 Market Report - Philadelphia Metro

 
Each of the major metros saw demand fall for nearly every home type in July.

Buyer demand moved from Moderate to Steady in the Philadelphia Metro and remained in the Moderate range for the Washington, D.C. and Baltimore metro areas. Across all metros, the HDI for higher-priced single-family homes remained in the High range.

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 July 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 Report

Access these 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?

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

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