Bel Air Market Update

Bel Air Market Update

  • Hannah Laird
  • 06/11/24


  • Homes sold: A positive sign the market is picking up as we are in spring selling season
  • Median sales price: Due to low inventory, the buyers market is competitive putting an upwards pressure on prices
  • Average days on market: Somewhat distorted by 2 properties which sold in May ‘24 but were listed for over 400 days
  • We are in an extremely price sensitive market. Well priced houses are selling fast, especially those under $5.0m. Overpriced listings are sitting on the market for longer.
  • **Stats based on data from the MLS

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