Home Sales are UP in Hot Springs, Arkansas

Great News!  The numbers are in for residential real estate sales in Garland County for 2016 and the total sales volume  is up 11% over last year. The numbers in all other categories also improved … Homes sold faster and for more money in 2016.  Looks like we’re headed in the right direction for 2017!
Below is an overview of this year’s sales compared to last year’s sales.
Average Days on Market
1/1/15 – 12/31/15:  170
1/1/16 – 12/31/16:  164            
Number of Listings Sold
1/1/15 – 12/31/15:  1335
1/1/16 – 12/31/16:  1479                   
Average Price of Sold Listings
1/1/15 – 12/31/15:  $167,701
1/1/16 – 12/31/16:  $168,054
MLS Sold Volume
1/1/15 – 12/31/15:  $223,881,277
1/1/16 – 12/31/16:  $248,553,004
(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
Hot Springs 1st Choice Realty
(501) 655-6247
Jeff@BestofHotSprings.com

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