NWA Market Update – October 2022
While the housing market continues to shift with rising mortgage rates, and increased inventory, is it still a good time to buy or sell? With the state of the housing market quickly changing, I can see how confusing it can be if you are a seller, or buyer, trying to decide if NOW is the right time to make a move. Let’s break down what’s happening in the real estate market here in Northwest Arkansas so that you can make the best decision when it comes to probably one of your largest assets, which of course is your home.
Benton County
1131 Active Single Family Homes For Sale
879 Single Family Homes Pending
542 Single Family Homes Sold in the Last 30 Days
Average Selling Price: $409,962
Average Days on Market (including days spent pending): 87
Washington County
516 Active Single Family Homes For Sale
474 Single Family Homes Pending
293 Single Family Homes Sold in the Last 30 Days
Average Selling Price: $380,580
Average Days on Market (including days pending): 81
Get in Touch With Us
So you can see, with the changing market, it is no surprise to us that homes are staying on the market longer. With the constant shifts, you need an experienced agent to help guide you through your next moves in real estate. Connect with my team today to get more information and we can strategize about what to do with your home.