⭐️ NWA Market Statistic for April 2024 ⭐️
April was a solid month for residential real estate sales in NWA, but surprisingly there’s not a whole lot to say about it.
Every metric was up or had no change from March except median days on market which saw an 8-day decrease (a good thing).
April was the first month in 2024 to cross the $400M mark in total sales dollars; almost $50M more than last month. This jump was from the almost 100 additional closed transaction in April vs March.
The fact that median sale price, average price per square foot, and ratio of sale price to original list price all saw less then a 1% change from last month shows values are steady.
For the 2nd month in a row, months of inventory (MOI) held steady at 4...a sign sellers are still in control of the market.
Those are the key takeaways from the April statistics. May tends to be one of the best months for sellers, so I anticipate even better numbers next month.