Due in part to a consistent lack of supply, home prices ballooned both in NWA and across the country last year. Here are the numbers:
- Market: Over the last year, the average home prices in the country rose 18.4%. In Benton County the average cost of purchasing was up 12.1%, and in Washington County home prices increased by 18.9% as a result of high demand.
- Expanding: The low supply is exacerbated by demand from the influx of people seeking opportunity in NWA. Though there are not many houses available currently, local cities are constantly Investing and building more affordable housing, inviting even more growth to the region.
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