Headed Toward a Seller's Market


 The numbers are in for July for the residential real estate market in Garland County, Arkansas and it shows that our market is still improving.  Compared to last year’s market, residential sales are up 13%.  While sales are rising, inventory is dropping (down 6% since last month), and it’s all  GOOD! 

Below is an overview of the local market.  We prepared this report from data obtained from the Hot Springs Board of Realtors mls, and it does not include home sales by owner, or other sales not reported thru the local mls. 

Average Days on Market
1/1/12 – 7/31/12:  189
1/1/13 – 7/31/13:  176            

 Number of Listings Sold
1/1/12 – 7/31/12:  610
1/1/13 – 7/31/13:  667                   

Average Price of Sold Listings
1/1/12 – 7/31/12:  $160,472
1/1/13 – 7/31/13:  $166,051          

MLS Sold Volume
1/1/12 – 7/31/12:   $97,888,147
1/1/13 – 7/31/13:  $110,756,106

Click here to take a look at the next report that shows a more detailed overview of the current market in Garland County, AR. This report will give you a better look at the supply and demand of homes.  As you will notice from this report, it still shows that we have a strong buyer’s market, however, reports across the country indicate shifts to a seller’s market in many areas.  All of these reports are very encouraging.  Typically a small resort market such as Hot Springs tends to rebound a little more slowly, so it appears that we are on a good road toward recovery.

If we can help more, please give us a call at 501.655.6247.

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