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, and is actually typical of market trends for a resort market such as Hot Springs.  Since Hot Springs attracts many vacation homeowners and investment property buyers, we expected to see our market trail behind as other areas improve first.

On another positive note, our phone and internet inquiries have tripled in the last few weeks, we are experiencing increased showings to many of our listings, and we are busier than ever working with new sellers and buyers.  We are looking forward to a wonderful 2013, and hope you are too!
We are driven by gratitude, and we truly appreciate when you choose us or you pass along our name to your friends and family to help with your or their real estate needs!  If we can help more, please give us a call at 501.655.6247.

p.s. Be sure to follow us on facebook for more updates on the Hot Springs real estate market, along with fun things going on in our city ... http://www.facebook.com/KennedyTeamRealtors

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