Hot Springs Market Update

The numbers are in for the third quarter for residential real estate sales in Garland County, Arkansas. The market has now dipped 2% compared to this same period last year. 
Below is an overview of this year’s sales as of last month:
Average Days on Market
1/1/14 – 9/30/14:  161
1/1/15 – 9/30/15:  175            
Number of Listings Sold
1/1/14 – 9/30/14:  1035
1/1/15 – 9/30/15:  1006                      
Average Price of Sold Listings
1/1/14 – 9/30/14:  $165,822
1/1/15 – 9/30/15:  $166,050
MLS Sold Volume
1/1/14 – 9/30/14:  $171,626,374
1/1/15 – 9/30/15:  $167,046,640
(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 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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