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 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 hom