Q4 2024 Highlights
The fourth quarter of 2024 showed continued strength in Northwest Arkansas real estate despite higher interest rates.
Key Statistics
- Homes sold: 2,100 (down 8% from Q4 2023)
- Median price: $349,000 (up 3.8% YoY)
- Average days on market: 45 days
- List to sale price ratio: 98.2%
Seasonal Patterns
Q4 typically shows slower activity as holidays approach:
- October: Strong activity, especially first half
- November: Slowdown around Thanksgiving
- December: Lowest activity of year
Notable Trends
- Move-up buyers more active than first-time buyers
- Cash purchases at 22% (historically high)
- New construction maintaining prices better
- Luxury segment ($750K+) showing strength
Interest Rate Impact
Rates hovering around 7% have affected affordability but not demand in NWA due to strong local economy.
Looking Ahead to Q1 2025
Expect increased activity as:
- Spring buying season approaches
- Corporate relocation season begins
- New construction inventory comes online
