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 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 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.
If we can help more, please don’t hesitate to give us a call at 501.655.6247.  It is always our pleasure to serve you.
Warm regards,
Jeff and Paulia Kennedy

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