Rogers Real Estate Market Report - Benton, Arkansas
Rogers, Arkansas - Benton

Market Commentary Provided by Kendra Murphy
If you can qualify, now is an exceptional time to buy a home in Rogers and surrounding areas. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 479-236-4784

  Report Date   Fall 2009  
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Kendra Murphy
Kendra Murphy
Keller Williams Realty
Fayetteville, Arkansas
479-236-4784
hereforyou@kw.com
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Keller Williams Realty
  Nearest Metro Area   Fayetteville AR
  Buyers’ or Sellers’ Market   More sellers than buyers
  Average Time on Market   60-90 days
  Market Trend   Increasing
  Housing Inventory   Good supply - Some Prices
  Inventory Comments   There are alot of great homes that are moving not only from owner occupants but thru bank foreclosures and short sales. Some foreclosures and short sales are newer homes only 2-3 years old. Buyers who take advantage of this current market will be the ones to reap the benefits of nice equity when the market turns around again. I feel the market overall is stabilizing in the NWA area so buy low now and in the future sell high!
  Average Home Price   $150,000 - View Graph Trend
  Best Selling Price Range   $100,000 - $149,000
  Worst Selling Price Range   $400,000 - $449,000
  Compared to Last Year   Down 5-10%
  Prices As % of Asking Price   90-95%
  Multiple Offers?   No
  Multiple Offers Commentary   I've had several properties in the Centerton area listed and I have received multiple offers on them ~ but they are short sales and are priced under market about 10%. Foreclosures are also seeing multiple offers because of the prices being low to move them off the banks books. You can get some great properties right now that are move in ready as foreclosures and short sales. Owner occupants also are making huge concessions to offset the buyers closing costs which makes them equally competitive in this market because foreclosures and short sales can't always provide closing costs for the buyer.
  Greatest Activity   First Time Buyers
  Buyer Activity for the past 90 days in Rogers is   Increasing
  Seller Activity for the past 90 days in Rogers is   Increasing
  Is Financing Available For Qualified Buyers in Rogers?   Yes
  Comments on Financing For Qualified Buyers   There are some great programs still available for financing. Interest rates are still low and that's what buyers need to see and understand they can get some great deals on properties right now and get great rates too! Its a total win - win!!!
  Existing Home Prices for the past 90 days are   Decreasing
  What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?   35-40%
  Housing Hot Spots   The market is steady in Benton county including cities such as Rogers, Centerton, Bentonville and Bella Vista.
  Reason to Buy/Sell   Population Growth
  Average Sold Price   $150,000 - View Graph Trend
 
       
       
  National Real Estate Market    
  National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

Click here for full article...
     
(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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