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Winter 2012 Market Update
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
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| Average Home Price | $150,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 5-10% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $100,000 - $149,000 |
| Worst Selling Price Range | $400,000 - $449,000 |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Rogers is | Increasing |
| Seller Activity for the past 90 days in Rogers is? | Increasing |
| 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. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 35-40% |
| Is Financing Available For Qualified Buyers? | 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!!! |
| 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! |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Population Growth |
| Nearest Metro Area | Fayetteville AR |
| Housing Hot Spots | The market is steady in Benton county including cities such as Rogers, Centerton, Bentonville and Bella Vista. |
| Average Sold Price | $150,000 - View Graph Trend |
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Top Agent
HouseHunt, Inc.
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