Market Conditions are Perfect for Buying!

The numbers are in for August for residential real estate sales in Garland County, Arkansas. The market continues to look steady, and still looking just like last year with the average home price up a just a bit. 
Below is an overview of this year’s sales as of last month:
Average Days on Market
1/1/14 – 8/31/14:  164
1/1/15 – 8/31/15:  178            
Number of Listings Sold
1/1/14 – 8/31/14:  906
1/1/15 – 8/31/15:  891                      
Average Price of Sold Listings
1/1/14 – 8/31/14:  $161,666
1/1/15 – 8/31/15:  $166,488
MLS Sold Volume
1/1/14 – 8/31/14:  $146,469,799
1/1/15 – 8/31/15:  $148,340,894
(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.
As we move into fall, it’s time to shake things up and get this market kicked into high gear!  With the market stabilized for more than 20 months, inventory at its lowest since the crash in 2007, interest rates still laying low, ALL IS GOOD for real estate in this area!  Let’s get this market rolling again.
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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