Hot Springs Market Update
The numbers are in for the February for residential real estate sales in Garland County, Arkansas. Compared to this same time last year, the number of home sales are up 7% with the majority of sales in the lower market segment (homes under $150,000) and inventory dropped 2%. Below is an overview of sales for February: Average Days on Market 1/1/14 – 2/28/14: 158 1/1/15 – 2/28/15: 187 Number of Listings Sold 1/1/14 – 2/28/14: 160 1/1/15 – 2/28/15: 172 Average Price of Sold Listings 1/1/14 – 2/28/14: $165,887 1/1/15 – 2/28/15: $139,625 MLS Sold Volume 1/1/14 – 2/28/14: $26,542,002 1/1/15 – 2/28/15: $24,015,543 (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 su