The Long & Foster Market Minute

Focus On: Bella Vista Housing Market June 2021

Zip Code(s): 19147
Units Sold
134
Active Inventory
207
Median Sale Price
$453,500
Days On Market
22
Up
Vs. Year Ago
Down -27%
Vs. Year Ago
Up 18%
Vs. Year Ago
Down -53%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 134 sold this month in Bella Vista Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 75 units or 27%. The total number of active inventory this June was 207 compared to 282 in June 2020. This month's total of 207 is lower than the previous month's total supply of available inventory of 217, a decrease of 5%.

Median Sale Price
Last June, the median sale price for Bella Vista Homes was $385,000. This June, the median sale price was $453,500, an increase of 18% or $68,500 compared to last year. The current median sold price is 1% higher than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
128
Current Contracts
89
Sold Vs. List Price
99.3%
Months of Supply
1.5
Down -4%
Vs. Year Ago
Up 44%
Vs. Year Ago
Up 2.1%
Vs. Year Ago
Down -73%
Vs. Year Ago

Months of Supply
In June, there was 1.5 months of supply available in Bella Vista, compared to 5.8 in June 2020. That is a decrease of 73% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 128 homes newly listed for sale in Bella Vista compared to 133 in June 2020, a decrease of 4%. There were 89 current contracts pending sale this June compared to 62 a year ago. The number of current contracts is 44% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Bella Vista was 99.3% of the average list price, which is 2.0% higher than at this time last year.

Days on Market
This month, the average number of days on market was 22, lower than the average last year, which was 47, a decrease of 53%.

The Long & Foster Market Minute Bella Vista are defined as properties listed in zip code/s 19147.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.