Northwest Arkansas's home sales decreased by 20.8%, while the available home inventory rose by over 100% in the second half of 2022, according to the latest Arvest Bank Skyline Report.

• Findings: The slowdown in home sales has resulted in a 177% year-over-year increase in the number of homes listed on Multi Listing Services, and the average home prices in Benton County have dropped by .5%, the first decrease for the county in years.
• Recalibrating: The team at Arvest remains optimistic that these metrics suggest the Northwest Arkansas housing market is potentially recalibrating to a more sustainable pace.

Read more on the local housing market HERE.