Home sales in NWA flat through 2021 3Q

by Paul Gatling ([email protected]) 1,367 views 

Year-to-date home sales through the first nine months of 2021 in Northwest Arkansas’ two largest counties are essentially flat compared to the same period last year.

There were 9,001 homes sold through September this year in Benton and Washington counties, up 0.3% from 8,975 homes sold during the same period last year. 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 2021, Northwest Arkansas home sales in the two-county area were 1.4% ahead of last year’s pace.

The combined sales volume this year through September is up 16.6% — $2.84 billion in the first nine months this year, compared with $2.43 billion in the first six months of 2020.

In the two-county area combined, September home sales were up 6.4%, from 1,061 last year to 1,129 this year.

The NABOR data showed 740 home sales worth a combined $254.7 million in September in Benton County. That compares with 665 and $197.1 million in the same month a year ago.

In Washington County, agents sold 389 homes in September, down slightly from 396 in September 2020, with a combined value of $120.9 million, up from $106 million.

The average price of each home sale continues to rise in both counties through the third quarter of 2021. In Benton County, the average home sale was $325,273, up 15.6% from $281,204 in the same period last year. In Washington County, the average home sale price through September was $299,162, up 17.3% from $254,892.