With pending home sales and median home sale prices skyrocketing, there are no signs of a cooler market in Northwest Arkansas.
Why it matters: We keep hearing about a market crash, but so far, local data doesn’t support that claim.
What’s happening: From May 2021 to this May, new listings were up 9.1%, and pending sales were up 32.7%.
- Meanwhile, median home sale prices shot up 29.4%.
- Yes, but: More than 5,600 homes sold in NWA during the first six months of the year, Talk Business & Politics reports.
Zoom out: Nationally, mortgage applications were down 24%, and, on average, 6.5% of sellers dropped their asking price each week in June, per Redfin’s latest market update.
- National pending home sales were down 13% in June from the same time last year — the largest decline since May 2020, Redfin’s report stated.
What we’re watching: New listings and pending sales. If more listings flood the market this summer and buyers don’t bite, that’s when we would start to see more power shift into buyers’ hands.
The bottom line: Demand is too strong for the market to cool here anytime soon.
Northwest Arkansas’ real estate market isn’t cooling just yet & Latest News Update
Northwest Arkansas’ real estate market isn’t cooling just yet & More Live News
All this news that I have made and shared for you people, you will like it very much and in it we keep bringing topics for you people like every time so that you keep getting news information like trending topics and you It is our goal to be able to get
all kinds of news without going through us so that we can reach you the latest and best news for free so that you can move ahead further by getting the information of that news together with you. Later on, we will continue
to give information about more today world news update types of latest news through posts on our website so that you always keep moving forward in that news and whatever kind of information will be there, it will definitely be conveyed to you people.
Northwest Arkansas’ real estate market isn’t cooling just yet & More News Today
All this news that I have brought up to you or will be the most different and best news that you people are not going to get anywhere, along with the information Trending News, Breaking News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, World News of this made available to all of you so that you are always connected with the news, stay ahead in the matter and keep getting today news all types of news for free till today so that you can get the news by getting it. Always take two steps forward
Credit Goes To News Website – This Original Content Owner News Website . This Is Not My Content So If You Want To Read Original Content You Can Follow Below Links