The Bellville housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have increased 13.1% in the past month alone. With 6.0 months of supply, Bellville's inventory levels remain relatively tight. Homes are taking about 4 days to sell, which is 0 days longer than this time last year. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (100.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Bellville market with the affordability index at 453.0. Looking ahead, the Bellville market is expected to maintain its current trajectory with relatively stable conditions.
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