August 2013 Market Update Report
The numbers are in for August for the residential real estate market in Garland County, Arkansas and it has brought some exciting changes. Compared to last year’s market, residential sales are up 18%. While sales are rising, inventory is still dropping - down 3% since last month, and August sales jumped 38% over last month with the biggest increase shown in single family homes sold under $150,000. Every month we publish a Market Update Report to keep our clients, friends and potential clients up-to-date on the constant changes in our real estate market here in Hot Springs. It is part of our commitment to regularly stay in touch with people who are important to us and keep them at the forefront of our market. Average Days on Market 1/1/12 – 8/31/12: 191 1/1/13 – 8/31/13: 175 Number of Listings Sold 1/1/12 – 8/31/12: 710 1/1/13 – 8/31/13: 819 Average Price of Sold Listings 1/1/12 – 8/31/12: $163,300 1/1/13 – 8/31/13: $167,