OCT 2022 Bellaire Market Report

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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