Hot Springs Market Update
The numbers are in for May in residential real estate sales in Garland County, Arkansas. Compared to the year before, residential sales are up 5% over the same period of last year, and up 12% over the previous month (4/2014). Below is an overview of sales for the first quarter: Average Days on Market 1/1/13 – 5/31/13: 173 1/1/14 – 5/31/14: 169 Number of Listings Sold 1/1/13 – 5/31/13: 454 1/1/14 – 5/31/14: 477 Average Price of Sold Listings 1/1/13 – 5/31/13: $157,433 1/1/14 – 5/31/14: $158,019 MLS Sold Volume 1/1/13 – 5/31/13: $71,474,709 1/1/14 – 5/31/14: $75,375,256 (data obtained from the Hot Springs Board of Realtors mls, and it does not include home sales by owner, or other sales not reported t...