MARKET ANALYSIS | BELLAIRE, TX
Inventory & Purchasing Levels, October 2022
These three metrics are helpful in an analysis to understand your selling and buying position.
A note about Months of Inventory : Real estate economists tell us a six-month supply of “for sale” inventory represents a balanced market between sellers and buyers. Over six month’s of “for sale” inventory indicates a buyer ! s market . Less than six months of inventory is considered a seller ! s market .
Month’s Supply of Inventory (as of Nov 5 th )
# Active Listings (as of Nov 5 th )
# Under Contract (as of Nov 5 th )
Price Range
Below $500K
2.7
8
2
$501K – 750K
4.3
14
3
$751K – 900K
2.3
7
4
$901K – 1M
0.3
1
1
$1M – 1.3M
1.0
6
7
$1.3M – 1. 5M
3.0
7
2
$1.5M - 2M
7.5
15
1
$2M +
12.0
8
1
ALL PRICE RANGES
3.0
66
21
Data obtained from the Houston Association of Realtors Multiple Listing Service - Single Family | Bellaire, TX (as determined by 77401)
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