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 supply and demand of homes.
If we can ever 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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