How is the housing market in Northwest Arkansas?
Average home prices in Northwest Arkansas rose by 16.2% to $306,236 in the first half of 2021, from $263,461 in the same period in 2020, according to the report. Meanwhile, the average multifamily lease has increased by 5.4% to $768.48 monthly, from $729.42 per month.
Is the housing market in Fayetteville Arkansas a buyers or sellers market?
Fayetteville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How many realtors are in NWA?
The hot housing market has also led to more people wanting to become realtors in NWA. Warner said there are about 3,500 realtors in the area and only about 1,100 listings.
Do real estate prices go down in a recession?
Prices Are Lower Home values tend to fall during a recession. So, if you’re searching for a home, you’re likely to find: Homeowners who are willing to lower their asking price. Homeowners doing a short sale to get out from under their mortgage.
Who are the top 10 selling Realtors in NWA?
The Best 10 Real Estate Agents in Fayetteville, AR
- NWA Metro Group.
- Jill Bell.
- Rhnee Mcclung – Coldwell Banker Harris Mchaney & Faucette.
- Jason Curtis – The Limbird Team at Limbird Real Estate Group.
- Timothy Moldenhauer-RE/MAX Associates.
- Winona Loyd – Lindsey & Associates.
- Christy Davis – Prime Real Estate & Development.
How fast is Northwest Arkansas growing?
Census finds Arkansas population increased over 3%, northwest region fastest growing area. Overall, Arkansas’s population increased by 3.3% to 3,011,524 and the percentage of people who identify as white alone, dropped from 74.5% in 2010 to 68.5% in 2020.
Is Northwest Arkansas a good place to live?
Year after year Northwest Arkansas receives national recognition for its high quality of life, low cost of living, reduced crime rates and economic vitality. In 2018, U.S. News & World Report ranked Fayetteville, AR in the top 5 Best Places to Live in the U.S. for the third year in a row.