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 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