Third Quarter Report is Looking Good!


 The numbers are in for the third quarter of the residential real estate market in Garland County, Arkansas.  Compared to last year’s market, residential sales are up 19%, and inventory is still dropping … down 2% since last month.  This is great news with the pendulums still swinging in the right direction. 
While overall sales are up for the year, sales for September did drop 24% compared to August – yet we still had a much better September this year as opposed to last September with those numbers at 107 homes sold vs. 78 homes sold.  We’re not fretting over this, as it’s very typical for our resort market to see sales slow down a bit after Labor Day.
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 – 9/30/12:  193
1/1/13 – 9/30/13:  174            
Number of Listings Sold
1/1/12 – 9/30/12:  805
1/1/13 – 9/30/13:  942                   
Average Price of Sold Listings
1/1/12 – 9/30/12:  $164,578
1/1/13 – 9/30/13:  $167,970          
MLS Sold Volume
1/1/12 – 9/30/12:   $132,485,420
1/1/13 – 9/30/13:   $158,228,451
(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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