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Arkansas Leads the Way in Recession Recovery
Thought you might be interested in the latest market update on residential sales in Arkansas. According to an article from the Associated Press, Arkansas is leading the way to the recession recovery.  It’s very refreshing to hear some good news for a change.  To read the article, 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!

Posted: Sunday, December 12, 2010 11:15 AM by Jeff and Paulia Kennedy

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