Spring Brings Good News for Hot Springs Real Estate Market

The numbers are in for the first quarter in residential real estate sales in Garland County, Arkansas.  Compared to the year before, residential sales are up 16% over the first quarter of last year.
Below is an overview of sales for the first quarter:
Average Days on Market
1/1/13 – 3/31/13:  169
1/1/14 – 3/31/14:  170            
Number of Listings Sold
1/1/13 – 3/31/13:  227
1/1/14 – 3/31/14:  249                      
Average Price of Sold Listings
1/1/13 – 3/31/13:  $145,340
1/1/14 – 3/31/14:  $154,980
MLS Sold Volume
1/1/13 – 3/31/13:   $32,992,391
1/1/14 – 3/31/14:   $38,590,061
(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.
It’s rejuvenating to see this uptick in our real estate market.  Now that spring is here, the warm weather has brought new life and energy to Hot Springs and it’s exciting!  We’re seeing homes that have been on the market for months are now selling, and sellers who have been waiting are starting to fill the market.  Inventory increased 4% in March over the month before, and we also experienced a 22% increase in sales for March over the month before. 


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