NWA home sales outpacing 2019 levels by double digits

by Paul Gatling ([email protected]) 910 views 

Boosted by a busy September, year-to-date home sales through the first nine months of 2020 in Northwest Arkansas surged ahead by double digits compared to the same period of last year.

There were 8,948 homes sold through September this year in Benton and Washington counties, up 10.2% from 8,122 homes sold during the same period of 2019. That’s according to data from the Matrix software platform used by the Northwest Arkansas Board of Realtors (NABOR), and provided to the Northwest Arkansas Business Journal by Marcus Necessary, vice president and executive broker with Weichert, Realtors-The Griffin Co.

At the midway point of 2020, Northwest Arkansas home sales in the two-county area were 5.7% ahead of last year’s pace.

The combined sales volume this year through September is up 9.9% — $2.43 billion in the first nine months this year, compared with $2 billion in the first six months of 2019.

In the two-county area combined, September home sales were up 27.3%, from 832 last year to 1,059 this year.

Benton County reported 663 home sales worth a combined $296.4 million in September. That compares with 542 and $256.6 million in the same month a year ago.

In Washington County, agents sold 396 homes in September, up from 290 in September 2019, with a combined value of $268.8 million, up from $225.3 million.

The average price of each home sale also was up in both counties through the third quarter of 2020. In Benton County, the average home sale had a value of $281,234, up 10.9% from $253,571 in the same period last year. In Washington County, the average home sale price through September was $255,087, up 8.1% from $235,879.

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