Hot Springs Market Update
Signs are good for the residential real estate market in the Hot Springs area. Inventory continues to drop (down 10% year-over-year), homes are selling faster, and the city is thriving. It’s no wonder that Hot Springs is doing well and continues to be one of the favorite places to call home. In fact, Hot Springs was named again in “the 25 Best Small Towns in America” reported by Architectural Digest Feb 7, 2018 And if you haven’t been downtown lately, you’re in for a shock. The city’s downtown commercial development is booming! Cole McCaskill of the Hot Springs Metro Partnership reported in a newsletter this week that “Downtown Hot Springs welcomed 41 new businesses and over $23 million in investment” in 2017, and “our growth in downtown outpaced the average Arkansas downtown by more than 10x for the 3rd year in a row!” At this rate, it’s safe to say that real estate in Hot Springs would be a good investment today. Below is an overview of this year’s sales compared to this same t