2021 is shaping up a little differently for the NWA housing market. Prices continue to skyrocket while homes sold are flat versus last year.
- The numbers: From Jan - April, real estate agents sold 3,312 residential properties in Benton and Washington counties combined, a slight decrease of -0.8% from last year.
- For perspective, in Benton County, the average price of homes sold through April was $304,505, up 13.3% from $268,505 in the same four-month period of 2020. In Washington County, the average home sale price through March was $280,344, up 10.3% from $243,464 last year.
Quote: “The number of homes sold may stay flat, but prices will continue to increase due to lack of inventory and low rates.” Read more about what's happening in the regional housing market HERE.