Hot Springs Market Update
The numbers are in for October of the residential real estate market in Garland County, Arkansas. Compared to last year’s market, residential sales are up 15%, and inventory is down another 2% since last month. 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 – 10/31/12: 193 1/1/13 – 10/31/13: 173 Number of Listings Sold 1/1/12 – 10/31/12: 895 1/1/13 – 10/31/13: 1035 Average Price of Sold Listings 1/1/12 – 10/31/12: $167,902 1/1/13 – 10/31/13: $167,693 MLS Sold Volume 1/1/12 – 10/31/12: $150,272,520 1/1/13 – 10/31/13: $173,562,413 (data obtained from the Hot Springs Board of Realtors mls, and it does not include home sa