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:  $167,456          
MLS Sold Volume
1/1/12 – 8/31/12:   $115,943,641
1/1/13 – 8/31/13:   $137,147,093
(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 our local mls)
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. 
If at any time we can provide you with a specific market analysis of your neighborhood or property, please don’t hesitate to give us a call at 501.655.6247.  It is always our pleasure to serve you.
Jeff Kennedy

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