Hot Springs Market Update from the Kennedy Team

189123 — Wed, 06 Oct 2010 02:26:00 GMT

Thought you might be interested in the latest real estate market update, so we would like to share the latest news.

While September is generally the month that we start to see fewer buyers as we face the fall and winter seasons in our market, this September has been a little different this year and sales are holding steady.

Below is an overview as compared to the peak summer season (according to our local mls):

Jun Home Sales: 93

Jul Home Sales: 68
Aug Home Sales: 92
Sep Home Sales: 91

While home sales are holding steady, the better news is that the inventory is dropping – creating less competition for our sellers! Here’s an overview of the inventory (according to our local mls):

Jun 30 Homes on the Market: 1476
Jul 30 Homes on the Market: 1485
Aug 30 Homes on the Market: 1431
Sep 30 Homes on the Market: 1368

For a more detailed report of last month’s activity, please click here.

Another good indication of the buyer activity is the number of web site hits we receive, and again, September was awesome! We received 110,972 hits to our primary website –www.BestofHotSprings.com for the month of September, while we averaged 87,000 hits during the summer months.

Along with the above statistics, the Kennedy Team is also pleased to mention that in spite of this tougher economic state - our team is working hard, performing well, and holding the #4 position in residential sales in our area with $6,365,700 in closed transactions as of this month. So if you or someone you know is thinking about selling a home, we would be happy to help.

We’ll continue to keep you updated on the latest news, and please feel free to call or email us with any thoughts or questions.

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Hot Springs Market Update from the Kennedy Team