It appears some of the negative sentiment in the overall economy is having an effect on real estate sales. As we have seen in the news real estate sales have been slowing some what nationally. If May is any indication Hot Springs is not immune. MLS sales were off 28% for May vs. May of 2010. Part of the reason is the expiration of the first-time buyers tax credit last year. However, the overall numbers were lower this May than they have been in many years. That’s put us a little behind the sales pace last year.
Units Sold Total Sales Avg Sales Price
All Homes/Condos
LYTD 473 $73m $154,292
YTD 421 $64.6m $153,474
Non-Lake Homes
LYTD 381 $48.5m $127,446
YTD 340 $42.2m $124,324
Lake Homes
LYTD 45 $15.8m $352,955
YTD 41 $13.6m $332,008
Lake Condos
LYTD 47 $8.5m $181,709
YTD 40 $8.7m $218,250
