Wonder how we are doing in our area compared to last year? Here are the answers in a nutshell:
Our average days on market have gone up by about 12% from last year so it’s now more than 5 months
The average price in Benton County has gone down by about 2%. This is less than most other areas in our MLS and reflects the fact that we are selling more lower priced homes rather than prices being down by that much. Prices are down by more in the higher price ranges ($350,000 and up) and less in lower price ranges (up to $250,000).
New construction sales are at 44% of last year.
Total sales in our MLS are down by about 29%.
People are now financing more using government backed loans such as FHA and VA as well as more owner carried contracts.