Beaumont has a Shortage of Homes for Sale

    Beaumont has a Shortage of Homes for Sale

    Oct 27, 2020

    Just how short of a supply of homes is for sale in Beaumont

    The definition of a balanced housing market is when there is a six-month supply of homes for sale. To calculate the months supply of inventory you take the current homes available for sale divided by the number of homes that sold during the past six months and then multiply by six.  

    Take a look

    Shortage Below $400,000

    The lower the price the bigger the shortage of homes available. Homes less than $200,000 have less than a two month supply available for buyers. Even in the price range between $200,000-$399,999 there is a shortage of available homes. The only price range where we see a balanced market is in the $400,000-$600,000 price range.  

    Some Final Thoughts

    Right now is a challenging time to be a buyer in Beaumont if you are looking for a home priced under $399,999. Due to the low inventory level and the high demand you have to stay on top of all new listings as soon as they come on the market. A top, local professional Realtor can help you be the first to see any new homes. Waiting for Zillow or Realtor.com isn't your best strategy in this market. 

    For anyone thinking about selling a home in Beaumont, there is a great opportunity. Interest rates are giving buyers more buying power. There is little competition from other sellers. This could be the best time to list your home for sale.  

    If you are planning to make a upsize, downsize or buy your first home in the near future, let's connect and look at all your options.

    Sincerely,

    Diane