click here "Arkansas Leads The Way In Recession Recovery."
While Arkansas appears to be doing well, we are also seeing a slight improvement in the Hot Springs area as well. Below are some statistics on the residential sales in Hot Springs (information obtained from the Hot Springs Board of Realtors® mls) .
Average Days on Market (YTD)
1/1/09 – 11/30/09: 154
1/1/10 – 11/30/10: 172
Number of Listings Sold (YTD)
1/1/09 – 11/30/09: 1163
1/1/10 – 11/30/10: 1161
Average Price of Sold Listings (YTD)
1/1/09 – 11/30/09: $147,034
1/1/10 – 11/30/10: $151,444
MLS Sold Volume (YTD)
1/1/09 – 11/30/09: $171,001,100
1/1/10 – 11/30/10: $175,826,486
While homes are taking a little longer to sale in 2010 in the Hot Springs area, reports indicate that the average sales price and the total $ volume rose somewhat in residential sales … and that’s a great sign! We also saw an increase in home sales for the month of November this year as compared to the previous month…. (72 sales in November vs. 65 sales in October). Click here for more detailed information.
If you are thinking about selling your home or other real estate in the Hot Springs area, we are always glad to help! And if you're thinking about purchasing a home in the Hot Springs, it's a great time to buy. Just let us know if we can help!