The numbers are in for October of the residential real estate market in Garland County, Arkansas. Compared to last year’s market, residential sales are up 15%, and inventory is down another 2% since last month.
Every month we publish a Market Update Report to keep our clients, friends and potential clients up-to-date on the constant changes in our real estate market here in Hot Springs. It is part of our commitment to regularly stay in touch with people who are important to us and keep them at the forefront of our market.
Average Days on Market
1/1/12 – 10/31/12: 193
1/1/13 – 10/31/13: 173
Number of Listings Sold
1/1/12 – 10/31/12: 895
1/1/13 – 10/31/13: 1035
Average Price of Sold Listings
1/1/12 – 10/31/12: $167,902
1/1/13 – 10/31/13: $167,693
MLS Sold Volume
1/1/12 – 10/31/12: $150,272,520
1/1/13 – 10/31/13: $173,562,413
(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.
Please know that we are here to assist you and your friends and family whenever your real estate needs arise. If at any time we can provide you with a specific market analysis of your neighborhood or property, please don’t hesitate to give us a call at 501.655.6247. It is always our pleasure to serve you.