Inventory is dropping and Sales are climbing
The numbers are in for the mid-year in residential real estate sales in Garland County, Arkansas. Compared to the year before, residential sales are up 10% over the same period of last year, and up 20% over the previous month (5/2014). Below is an overview of sales for the first quarter: Average Days on Market 1/1/13 – 6/30/13: 172 1/1/14 – 6/30/14: 169 Number of Listings Sold 1/1/13 – 6/30/13: 561 1/1/14 – 6/30/14: 609 Average Price of Sold Listings 1/1/13 – 6/30/13: $160,165 1/1/14 – 6/30/14: $163,081 MLS Sold Volume 1/1/13 – 6/30/13: $89,852,945 1/1/14 – 6/30/14: $99,316,381 (data obtained from the Hot Springs Board of Realtors mls. This report includes ALL residential sales in Garland County sold by a licensed real estate agent who is a member of the Hot Springs Board of Realtors mls - including land, condos, mobile homes, single family homes and other properties categorized as residential) Click here to take a look at the next rep