NWA Real Estate- Sept. 2020 Market Updates

    NWA Real Estate- Sept. 2020 Market Updates

    Sep 18, 2020

    With the ups and downs of the current economy, you may assume that now is not the time to sell your home. However, this couldn't be further from the truth. The numbers speak for themselves; the current Northwest Arkansas housing market is seeing a shortage of inventory which has increased demand exponentially. If stats and data is your thing, each month we put together the most up to date market statistics for the NWA Real Estate on our website. Click here to access the full list.

    We have condensed insights below for a quick 2 min read or click to see a 30 second video.

    NWA: 1,195 Active Listings - Down 55% from prior year

    Bentonville: 156 Active Listings- Down 64% from prior year

    Rogers: 166 Active Listings- Down 59% since from prior year

    Fayetteville: 278 Active Listings- Down 44% from prior year

    Siloam Springs: 39 Active Listings- Down 61% from prior year

    Summary: With few homes for sale, your home will sell quick!

    *SOURCE NABOR MLS- Data pulled on 9.16.20- Information deemed reliable but not guaranteed

    NWA: $324,000 compared to $284,000 in Aug. 2019

    Bentonville: $444,000 compared to $349,000 in Aug. 2019

    Rogers: $457,000 compared to $351,000 in Aug. 2019

    Fayetteville: $389,000 compared to $317,000 in Aug. 2019

    Siloam Springs: $209,000 compared to $213,000 in Aug. 2019

    Summary: Home values up, up ,up

    *SOURCE NABOR MLS- Data pulled on 9.16.20- Information deemed reliable but not guaranteed

    NWA: $240,000 compared to $218,000 in Aug. 2019

    Bentonville: $$352,000 compared to $287,000 in Aug. 2019

    Rogers: $265,000 compared to $249,000 in Aug. 2019

    Fayetteville: $241,000 compared to $218,000 in Aug. 2019

    Siloam Springs: $181,000 compared to $159,000 in Aug. 2019

    *SOURCE NABOR MLS- Data pulled on 9.16.20- Information deemed reliable but not guaranteed

    Summary: Homes are selling for more $$

    NWA: 45 days- Dropped 25% since Aug. 2019

    Bentonville: 47 days- Dropped 29% since Aug. 2019

    Rogers: 57 days- Dropped 8% since Aug. 2019

    Fayetteville: 35 days- Dropped 31% since Aug. 2019

    Siloam Springs: 45 days- Dropped 39% since Aug. 2019

    Summary: When the % drops, that means homes are selling faster this year than 2019

    *SOURCE NABOR MLS- Data pulled on 9.16.20- Information deemed reliable but not guaranteed

    NWA: 1,072 units- Increased by 7% since Aug. 2019

    Bentonville: 137 units- Decreased by 14% since Aug. 2019

    Rogers: 162 units- Increased by 3% since Aug. 2019

    Fayetteville:122 units- Increased by 23% since Aug. 2019

    Siloam Springs: 36 units- Decreased by 18% since Aug. 2019

    Summary: More homes have sold in NWA overall

    *SOURCE NABOR MLS- Data pulled on 9.16.20- Information deemed reliable but not guaranteed

    Don't see your city/county listed above? We've got you covered; click the link to take you to more market insights in NWA.

    If you are interested in selling your home but aren't sure what it's worth, we can help! Contact your agent today who can offer offer a free evaluation of your home.