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.
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
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
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
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
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 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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