Hot Springs Market Update
The numbers are in for November of the residential real estate market in Garland County, Arkansas. Compared to last year’s market, residential sales are up 13%, and inventory is down another 1% since last month. Average Days on Market 1/1/12 – 11/30/12: 193 1/1/13 – 11/30/13: 173 Number of Listings Sold 1/1/12 – 11/30/12: 980 1/1/13 – 11/30/13: 1114 Average Price of Sold Listings 1/1/12 – 11/30/12: $168,212 1/1/13 – 11/30/13: $167,424 MLS Sold Volume 1/1/12 – 11/30/12: $164,848,095 1/1/13 – 11/30/13: $186,510,420 (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. As the spirit of the holidays are here, we are reminde