Hot Springs Market Update & 2014 Predictions
The numbers are in for the year of 2013 residential real estate sales in Garland County, Arkansas, and it’s been a good year! Compared to the year before, residential sales are up 12%, and inventory is down another 5% since last month. Average Days on Market 1/1/12 – 12/31/12: 191 1/1/13 – 12/31/13: 171 Number of Listings Sold 1/1/12 – 12/31/12: 1049 1/1/13 – 12/31/13: 1187 Average Price of Sold Listings 1/1/12 – 12/31/12: $168,156 1/1/13 – 12/31/13: $167,380 MLS Sold Volume 1/1/12 – 12/31/12: $176,396,670 1/1/13 – 12/31/13: $198,680,576 (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. We predict 2014 to be a continu