Real Estate Market is Looking Really Good in Hot Springs, AR

The numbers are in for the first quarter of 2016 for residential real estate sales in Garland County, Arkansas and it’s all looking GOOD!  All of the numbers we watch have improved year over year with the average days on market 28% BETTER, the number of listings sold 1% BETTER, the average selling price 9% BETTER, the total sales volume 10% BETTER, and the housing inventory is holding low (below 1000) as compared to an average of 1450 back in 2010. All indicators are forecasting a great year for real estate in Garland County in 2016!
Below is an overview of this year’s sales compared to this same time period year-over-year.
Average Days on Market
1/1/15 – 3/31/15:  199
1/1/16 – 3/31/16:  155            
Number of Listings Sold
1/1/15 – 3/31/15:  281
1/1/16 – 3/31/16:  284                      
Average Price of Sold Listings
1/1/15 – 3/31/15:  $146,995
1/1/16 – 3/31/16:  $161,167
MLS Sold Volume
1/1/15 – 3/31/15:  $41,305,796
1/1/16 – 3/31/16:  $45,771,458
(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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