Home > Fayetteville Real Estate Market
Winter 2020 Market Update
Northwest Arkansas is currently in a strong buyers market, however, our local market should balance quicker than other markets around the U.S. This is because of our high job growth, quick reduction in new construction housing starts, and a steady population increase. The recent decision by the Fed to lower interest rates will also help buyers riding the fence to take action.
Average Sold Home Price: $200,000

Average Time on Market: More than 120 days

Best Selling Price Range: $150,000 - $199,000

Existing Home Prices for the past 90 days: No Change

Market Trend: No Change

Buyer's or Seller's Market: More sellers than buyers

Buyer Activity for the past 90 days: Increasing

Seller Activity for the past 90 days: Increasing

Multiple Offers? No

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 5-10%

Is Financing Available For Qualified Buyers? Yes

Housing Inventory: Good Supply

Greatest Activity: Repeat Buyers

Best reason to buy or sell: Job Growth

Nearest Metro Area: Fayetteville

Housing Hot Spots: Wedington Ave. West of I-540 and Northeast Fayetteville around Gulley Park.

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The Taylor Team
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Mortgage Rates for Feb 22nd, 2020
30 year fixed rate: 4.51%
15 year fixed rate: 3.90%
30 year jumbo rate: 4.41%
15 year jumbo rate: 4.12%
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Real Estate Professional, The Taylor Team The Taylor Team
Keller Williams Realty
Specializing in Fayetteville Real Estate
2418 E. Joyce Boulevard
Fayetteville, Arkansas 72703
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(Because current market conditions can change rapidly in any given marketplace,
please check with The Taylor Team for current Fayetteville, AR market conditions before acting on this information.)
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