Summer Selling
The numbers are in for August in residential real estate sales in Garland County, Arkansas. Compared to the year before, the total residential sales volume is up 3% over the same period of last year. While the total sales volume has leveled throughout the year, the number of properties sold is up 7% over the year before. Inventory is also steadily dropping and is down 7% as compared to this same period last year. Below is an overview of sales for this period: Average Days on Market 1/1/13 – 8/31/13: 174 1/1/14 – 8/31/14: 164 Number of Listings Sold 1/1/13 – 8/31/13: 821 1/1/14 – 8/31/14: 880 Average Price of Sold Listings 1/1/13 – 8/31/13: $167,783 1/1/14 – 8/31/14: $162,476 MLS Sold Volume 1/1/13 – 8/31/13: $137,750,393 1/1/14 – 8/31/14: $142,979,546 (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 membe