Hot Springs Market Update
The numbers are in for January for the residential real estate market in Garland County, Arkansas. Below is an overview of our local market. (This report was compiled from data obtained from the Hot Springs Board of Realtors mls, and does not include home sales by owner, or other sales not reported thru the local mls.) Average Days on Market 1/1/12 – 1/31/12: 179 1/1/13 – 1/31/13: 117 Number of Listings Sold 1/1/12 – 1/31/12: 72 1/1/13 – 1/31/13: 63 Average Price of Sold Listings 1/1/12 – 1/31/12: $120,570 1/1/13 – 1/31/13: $128,281 MLS Sold Volume 1/1/12 – 1/31/12: $8,681,040 1/1/13 – 1/31/13: $8,081,761 Click here for a more detailed report of the current market in Garland County, AR. While January kicked off a little slower this year, national reports are indicating that the housing market is picking up across the country. We believe the lag in home sales for our area is not surprising