Home sales across the country are hot. If you are looking to buy, you need to look and decide quickly (that means get pre-approved). It is a seller’s market and we REALTORS are scrambling to find new listings (that means contact me if you are looking to sell). Average days on the Little Rock market for November home sales according to LRhouses.com and the Central Arkansas Multiple Listing Service was only 27 DAYS. That’s crazy! It is also in line with what Redfin found nationwide.
“Neither the election nor the Thanksgiving holiday weekend curbed homebuyers’ appetite in November,” said Redfin chief economist Daryl Fairweather. “I personally bought a home last month because I knew if I didn’t seal the deal by then, I would have to wait until January for more new listings to hit the market to find one that checked all of my boxes. Plus, there is no guarantee mortgage rates will stay this low for much longer. And like most buyers this time of year, once I had it in my head that it was time to move, I wanted to be settled in my new home in time for the holidays.”
I’m happy to email you a copy of the report for the Central Arkansas market, just email me at firstname.lastname@example.org and let me know what area/city you want to research. Your can also download it the Little Rock Report here. November home sales are broken out by areas within Little Rock: