🏠Little Rock 60 Second Data Dump
Understanding the housing market is complicated. Our goal is to make it less so. We are your translator breaking down what's happening in and around Little Rock into plain English. Each and every month, Ray showcases different towns highlighting the most important data points so you can understand when the market is right for YOU to buy or sell. The best part? It's only 60 seconds.
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Homes for Sale
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What The Data Tells Us
- We are currently in a Buyer's Market. This means that the inventory on the market is predicted to last 6 months or longer.
- The current average is 183 Days on Market (DOM).
- There is high inventory right now- which is a great time for Buyers to find their ideal home and negotiate well.
- This may not last. If you look back at last June 2017 Market Update, you will see that same trend occurred and shifted quickly in July and August.
- What does this mean? Buyers may want to act now to get a great deal on a home - and Sellers may want to start thinking about decluttering and small home improvement for when the market shifts.
September 2018 Data Dump
âś…Average Home Price= $143,880
âś…Inventory down -9.7% vs. May 2016
âś…Luxury Homes ($400k +) sitting on market long
September 2018 Data Dump
âś…Average Home Price= $143,880
âś…Inventory down -9.7% vs. May 2016
âś…Luxury Homes ($400k +) sitting on market long
September 2018 Data Dump
âś…Average Home Price= $143,880
âś…Inventory down -9.7% vs. May 2016
âś…Luxury Homes ($400k +) sitting on market long
Wonder what these numbers mean to YOU?
We can translate!