In past years we normally see home sales decline in the final months of the year, however, residential sales are still going strong. In fact, the total sales volume is on track to break records for the past twenty years in Garland county, possibly out-doing the best years of 2004 and 2005.
Let’s take a look at the data at the end of the third quarter of 2021 for the residential real estate market in Garland County, Arkansas.
Average Days on Market
1/1/20 – 9/30/20: 164
1/1/21 – 9/30/21: 129
Number of Properties Sold
1/1/20 – 9/30/20: 1580
1/1/21 – 9/30/21: 1655
Average Price of Sold Listings
1/1/20 – 9/30/20: $207,817
1/1/21 – 9/30/21: $256,729
MLS Sold Volume
1/1/20 – 9/30/20: $328,351,134
1/1/21 – 9/30/21: $424,887,779
(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 home sales in Garland County, AR. This report will give you a better look at the supply and demand of homes.
We are committed to guiding you through the home buying and selling process as smoothly as possible as it is our goal to always exceed your expectations.
If you are thinking of buying, do you have all of your ducks in a row? Have you met with a local lender? Do you know your budget? Have you hired an experienced real estate? We’ll be happy to get you connected to all of the right people. Click here if you would like to provide additional information, or simply email, text or give us a call.
If you are thinking of selling, we are happy to offer you a free market analysis of your home to help you determine the value. If your home is in another city, we have connections with some of the best in the country and we’ll also be happy to get you connected. Simply reply back with an email, send us a text, give us a call or click here to provide your information and we’ll get back with you asap.
Other questions? We have the answers. Call (501) 655-6247 today.
With gratitude,
Jeff and Paulia