Posted on January 26, 2018 - 01:45 PM
by Bill Saunders
The Current Local Market Report... Sales for December
Headlines about sales in the "market" can be misleading. There are many factors and facets to market reporting. Keep in mind that these are averages and your situation is FAR from an "average".
The contents of this report will be the number of sales reported in the Hot Springs Board of Realtors® Multiple Listing Service® for the month of December 2017. This will include single family, stick-built homes located within Garland County, Arkansas. The report will NOT include lakefront properties...
There were 84 sales in December (so much for "nothing sells in the winter").
The average SELLING PRICE was $149,636.00 and this price represented approximately 97% of the average listing price of those listings that sold.
The average Days on Market was 118 in this dataset... but that is inaccurate, as it only calculates current listing periods and does not consider re-listing homes...so that figure is higher as an AVERAGE. Some homes sold immediately.
Let me know if I can help guide you through the mass of data, because as stated earlier, the statistics change depending on many factors such as range of price, square footage, school district, beds and baths, etc.
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The HSMLS Data on this site was last updated: 2018-02-21.
Information deemed reliable but is not guaranteed.
The data relating to real estate for sale on this web site comes in part from the Hot Springs Data Share Program of the Hot Springs Multiple Listing Service. Real estate listings held by Brokerage firms other than Meyers Realty are marked with the HSDS logo and detailed information about them includes the name of the listing brokers.
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