Conditions are Better than Ever for Buying and Selling a Home in Hot Springs
Conditions are better than ever in Hot Springs for buying and selling a home. Inventory is down 6% over last year, bank rates are good, sales are up 9% over last year, and the weather is fantastic for buyers to shop. 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 – 9/30/15: 176 1/1/16 – 9/30/16: 155 Number of Listings Sold 1/1/15 – 9/30/15: 1020 1/1/16 – 9/30/16: 1128 Average Price of Sold Listings 1/1/15 – 9/30/15: $165,094 1/1/16 – 9/30/16: $163,858 MLS Sold Volume 1/1/15 – 9/30/15: $168,396,237 1/1/16 – 9/30/16: $184,832,900 (data obtained from the Hot Springs Board of Realtors mls, and it does not include home sales by owner, or ot...