the Future Looks Bright in Hot Springs
What a great year it’s been! This time of year is always so special. It’s a time of reflection, a time of gratitude, a time for new adventures & treasured traditions, and it’s a time of excitement for another new year ahead. Looking back, we’re happy to report that the real estate market in the Hot Springs area continues to be good, and the overall residential sales volume for the year is up 16% over last year. Below is an overview of this year’s residential sales in Garland County compared to this same time period year-over-year. Average Days on Market 1/1/17 – 10/31/17: 168 1/1/18 – 10/31/18: 149 Number of Listings Sold 1/1/17 – 10/31/17: 1,334 1/1/18 – 10/31/18: 1,505 Average Price of Sold Listings 1/1/17 – 10/31/17: $181,172 1/1/18 – 10/31/18: $187,518 MLS Sold Volume 1/1/17 – 10/31/17: $241,684,392 1/1/18 – 10/31/18: $282,027,270 (data obtained from the Hot Springs Board of Realtors mls, and it does not include home sales by owner