Rogers Real Estate Market Conditions & Reports, Rogers Market Trends, Arkansas

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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CONNECT WITH A LOCAL PROFESSIONAL

Kendra Murphy
Keller Williams Realty
Fayetteville, Arkansas
479-236-4784
hereforyou@kw.com
Agent Home Page

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?

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.

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