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Residential Sales in Hot Springs are Running Neck & Neck with Last Year

Looks like residential sales in Hot Springs are running a close race with last year at this point.  We just compared the recent market statistics to the same period as last year, and the first quarter of 2011 is looking very similar to last year’s first quarter, with a slight increase in the average price of sold listings, and a slight drop in the number of days that it takes to sell a home – actually both positive signs of some improvement.  Take a look at the below statistics on residential sales in Hot Springs (information obtained from the Hot Springs Board of Realtors® mls) . 

 

Average Days on Market

1/1/10 – 3/31/10:  175

1/1/11 – 3/31/11:  168

 

Number of Listings Sold

1/1/10 – 3/31/10:  255

1/1/11 – 3/31/11:  246

 

Average Price of Sold Listings

1/1/10 – 3/31/10:  $134,594

1/1/11 – 3/31/11:  $139,139

 

MLS Sold Volume

1/1/10 – 3/31/10:  $34,321,632

1/1/11 – 3/31/11:  $34,228,333

 

Click here for more detailed information on the Hot Springs market, and be sure to call the # 1 real estate team in Hot Springs – the Kennedy Team with Hot Springs 1st Choice Realty at 501.655.6247 or 501.276.4446.

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