The Northwest Arkansas real estate market has been nothing short of crazy over the last 18 months.
- The nitty gritty: Between March 2020 and March 2021, the price of residential real estate across Benton and Washington counties rose by 11.82% and 23.56% respectively. A steady increase in demand coupled with a shortage of inventory has tipped the market almost fully in the sellers' favor.
- Silver lining: Despite the shortage in housing and subsequent increase in prices, Cave Springs has been named the best place to buy a house in the U.S. for 2021. The quiet bedroom community is also ranked No.1 in Arkansas for living and raising a family.
You can find more about NWA's housing market and market trends HERE.