The latest numbers are in! 
The periodic fall/winter market slowdown has begun. September, while still a good month for sales in NWA, saw $92M less in sold residential properties from last month accounting for the 175 fewer closed transactions as compare to August. Even with that 18.2% reduction in total sales dollars, September 2024 was still up 7.8% from September of 2023.
The periodic fall/winter market slowdown has begun. September, while still a good month for sales in NWA, saw $92M less in sold residential properties from last month accounting for the 175 fewer closed transactions as compare to August. Even with that 18.2% reduction in total sales dollars, September 2024 was still up 7.8% from September of 2023.Another sign we are coming off the peak transaction months, there was 270+ drop in new listing in September from August. Although this is not a sign the market is losing its overall momentum, as the median days on market held at 62 and the ratio of sale price to original list price stayed at 100%.
Overall, these numbers are what I would expect for the month of September in NWA. One other final note to make, as of last month, the Harrison District Board of Realtors was brought into the Northwest Arkansas Board of Realtors MLS System. This will give the 12-month changes less significance in our eyes as we are no longer comparing apples-to-apples per say; however, those are still a good metric to have for reference.