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Northwest Arkansas Housing Market Report for 2008
2008.  What a year!  Alot has happened in the housing market and around the world.  While most areas continue to suffer, the Northwest Arkansas Housing Market has faired better than the rest in terms of home values, sales, and foreclosure rates.  Whether you are buying a home, selling your home, or you just want to know what the market is doing - this is downright informative stuff.
A couple of things to keep in mind.  The following market report is for Residential housing in Benton and Washington Counties.  While MLS (multiple listing service) data is deemed reliable, it is not 100% accurate so this market snapshot comes with a disclaimer.  It is here to assist you in making informed housing decisions based on the market data we have available.

 
As you can see by the average days on market and price per foot graph above...the previous 4 years have seen a gradual increase in average days on market as inventories increase and demand for housing decreases.  There has also been a gradual drop (after 2005) of the average price per square foot.  Please notice the difference between 2007 and 2008 - from $99.95 to $92.50 is a decrease of 7.45% ... more

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