Market Watch-Zip 77401

The table below shows weekly calculations of market conditions for single-family* dwellings by price range in zip code 77401. Months inventory estimates the number of months it will take to deplete current active inventory based on the prior twelve months sales activity. Updates: WEDNESDAY

2007 | 2006 | 2005 | 2004 | Combined

Buyer's market	Slightly soft market	Normal market	Slightly strong market	Seller's market
12+ months	11 months	9-10 months	8 months	< 8 months

City of Bellaire (77401) Market Conditions and Current Inventory (in months) for price ranges with at least five sales in previous 12 months OR 10+ currently available properties and at least one sale in previous 12 months
2008	>$2M	$1M-$1.99M	$800-$999K	$700-$799K	$600-$699K	$500-$599K	$400-$499K	$300-$399K	$200-$299K	$100-$199K	Weighted AVG
JAN 2	-	12.33	5.76	1.56	3.18	1.50	3.43	3.80	4.29	-	4.54
JAN 9	-	12.00	6.35	1.56	3.88	1.71	4.57	3.22	4.14	-	4.75
JAN16	-	12.67	6.46	2.00	3.64	1.14	6.29	3.90	4.40	-	5.10
JAN23	-	11.69	7.06	2.04	4.13	1.14	4.00	4.50	4.40	-	5.14
JAN30	-	10.77	7.29	2.04	3.64	2.29	4.00	3.90	4.40	-	5.00
FEB 6	-	11.08	6.46	2.08	3.75	2.29	5.05	4.31	5.38	-	5.17
FEB13	-	12.00	7.15	1.85	4.13	1.80	5.05	3.60	4.80	-	5.24
FEB20	-	12.62	7.15	1.65	3.38	1.80	6.32	4.31	4.40	-	5.36
FEB27	-	12.30	7.02	1.18	4.26	1.80	6.32	4.31	4.40	-	5.34
MAR 5	-	11.40	7.38	1.41	4.80	1.20	6.32	3.89	4.65	-	5.31
MAR12	-	10.54	8.15	1.85	4.55	1.20	5.68	3.89	5.38	-	5.44
MAR19	-	11.10	9.18	1.92	4.97	1.80	5.68	3.47	5.57	-	5.76
MAR26	-	12.92	9.84	2.40	5.38	2.29	5.68	3.00	5.60	-	6.17
APR 2	-	12.90	10.04	2.45	4.97	2.40	5.05	3.22	5.38	-	6.17
APR 9	-	13.20	9.18	2.88	5.57	2.40	5.68	3.22	6.67	-	6.39
APR16	-	12.29	9.41	3.36	5.14	3.16	5.33	3.51	6.67	-	6.48
APR23	-	11.44	9.36	3.60	4.89	4.42	6.00	2.79	6.86	-	6.39
APR30	-	12.62	9.36	3.83	3.86	4.42	6.00	3.51	5.78	-	6.47
MAY 7	-	12.90	11.23	4.36	3.86	4.00	6.32	3.43	5.33	-	6.88
MAY14	-	12.60	10.04	4.09	4.44	4.67	5.40	3.51	5.57	-	6.70
MAY21	-	14.21	10.35	5.27	4.29	4.00	5.40	3.14	5.08	-	7.00
MAY28	-	14.21	9.46	4.80	3.86	4.67	5.68	2.93	4.62	-	6.73
JUN 4	-	14.40	9.96	4.98	3.31	4.42	4.67	3.69	3.56	-	6.81
JUN11	-	14.77	9.82	4.80	3.43	4.42	7.76	3.16	3.56	-	6.98
JUN18	-	15.89	9.43	5.27	3.56	5.05	4.67	4.00	3.56	-	7.05
JUN25	-	14.53	10.47	4.86	4.15	4.67	4.00	3.69	2.90	-	6.88
JUL 2	-	15.24	10.91	5.00	4.00	4.94	4.42	3.79	3.60	-	7.23
JUL 9	-	14.84	11.55	4.86	4.80	5.25	4.94	3.69	3.87	-	7.45
JUL16	-	15.38	10.89	4.86	6.00	4.50	4.94	3.47	3.87	-	7.49
JUL30	-	14.46	12.00	6.16	5.50	6.35	4.94	2.84	4.55	-	7.84
AUG 6	-	14.84	12.72	5.33	4.50	6.00	4.67	3.00	4.97	-	7.82
AUG13	-	14.34	12.47	5.83	4.50	7.20	4.24	3.43	4.55	-	7.97
AUG20	-	14.05	12.50	6.71	4.50	5.60	4.94	3.09	4.71	-	7.93
AUG27	-	13.40	12.78	6.91	3.13	7.50	5.65	3.09	4.29	-	7.92
SEP 3	-	13.09	11.22	7.06	2.88	7.50	7.71	3.18	4.29	-	7.72
-	>$2M	$1M-$1.99M	$800-$999K	$700-$799K	$600-$699K	$500-$599K	$400-$499K	$300-$399K	$200-$299K	$100-$199K	Weighted AVG

* This data does not include townhouses, condos, high-rises or lofts, but does include patio homes. DISCLAIMER: This information is compiled from the Houston Association of Realtors MLS database. It is considered generally reliable but not guaranteed.

Thanks to Ted C. Jones, Senior Vice President and Chief Economist for Stewart Title Guaranty Co. for providing the formula to determine market condition.