• Home
  • Search
  • News
    • All Posts
    • Mugshots
    • Court Filings
    • Jobs Listings
    • Business Articles
    • Dining Articles
    • Marriage Licenses
    • Obituaries
    • Sex Offenders
  • Events
  • Features
    • Maps
    • Elected Officials
    • Elections
    • Read Columnists
      • Shirtless Chef by Jason Murphy
      • Krystle’s Bookworm Diaries
      • Get Real with Doug Robinson
      • Shelli Cooks
      • “The Sleigh” by Roger L. Poole
      • Built to Battle – with Amanda Elliott
      • Common Man – Brent Davis
      • Anna’s Avenue – Anna Colby’s Columns
      • Bite Out of Life with Kaitlynn Garrett
      • Lee’s Faith & Fitness
  • Business Directory
  • Donate
  • Advertise
  • Contact us

MySaline

News & Events for Saline County, Arkansas

 

Get Real with Doug Robinson: Saline County still needs more homes!

February 27, 2020 By Sarah Heer Leave a Comment


Saline County still needs more homes!!

Home supply in Saline County is still down, but if the National housing trends are any indication we are about to see things change.

Nationwide, overall housing supply dropped 11% last month, but according to the Census Bureau’s latest construction numbers, builders are finally stepping in to help.

Data for December was revised up to show homebuilding rising to a pace of 1.626 million units, the highest level since December 2006, instead of surging to a rate of 1.608 million units as previously reported.

Today’s New Residential Construction Report shows that single-family building permits were up 6.4% in January and 20.2% over the year.

This could be the Silver Lining that we are all looking for. Even though builders broke ground in January with a vigor, these homes could not be completed or on the market for 6 months or so. This means that the housing shortage won’t end, but it could be “less bad”.

The problem with Saline County is the price of land. As lot costs escalate, builders have to build larger and more expensive homes to justify the cost of the lot. This pushes first time homeowners out of the New Construction market.

A normal market’s inventory sits at 6 months. We’re currently at 3.7 months and that number could drop lower. Currently in Saline County-

  • 335 Homes for sale / 81 are New Construction
  • Average Days on Market is 70
  • Average price is $280,052 / Median price is $234,500

What does this mean? It means that there aren’t enough homes to keep up with the demand of buyers. This is, in big part, due to millennials finally wanting to become first-time homebuyers.

There’s also been a shift in when people are buying homes. The myth that the spring market is the best seller’s market is busted.

For the past five years, buyers have been coming out earlier and earlier because of increased demand. Essentially, there is no such thing as a “buyer’s season” anymore, and those who think so could face a longer and more complicated selling process.

With a currently low amount of homes coming to market, anyone thinking of listing is in a prime situation to sell. Most markets in the country are seeing record lows for days on the market, with many of the homes getting multiple bids and more than asking price. Contact me and my team for an assessment of your current situation and advice on how you should move forward.

Click to see more articles from Get Real with Doug Robinson


-Doug Robinson/Baxley-Penfield-Moudy Realtors

“Your Best Friend in Real Estate”
www.SalineCounty.RealEstate

Connect with me on my Homesnap account! The best way to search for a home! https://www.homesnap.com/Doug-Robinson

 

Filed Under: Columns, Real Estate Tagged With: columns, real estate

CLICK FOR MORE NEWS

Search MySaline!

Recent Posts – Scroll for Story Comments

  • Instantly Obsessed! – Krystle reviews The Riven Kingdoms
  • MySaline’s Jobs List for Central Arkansas — 040921
  • JA to host fish fry on Saturday April 10th; order ahead now
  • Saline County Mugshots — 040921
  • New Marriage Licenses in Saline County — 040921

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search MySaline

Advertise here! [email protected]

BentonChamber.com








See the list of Food Trucks serving Saline County and submit yours! www.mysaline.com/food-trucks

Contact Info

MySaline.com
P.O. Box 307
Bryant, AR 72089
501-303-4010
[email protected]

Don’t miss a thing…

  • Subscribe to MySaline’s Email Updates

Community partners:

Advertise Here! Email [email protected]

CONTACT US

MySaline.com
P.O. Box 307
Bryant, AR 72089
501-303-4010 [email protected]
Facebook Page
Facebook Group
Instagram
Twitter
LinkedIn

Search posts by date:

April 2021
S M T W T F S
 123
45678910
11121314151617
18192021222324
252627282930  
« Mar    

Recent Posts

  • Instantly Obsessed! – Krystle reviews The Riven Kingdoms April 9, 2021
  • MySaline’s Jobs List for Central Arkansas — 040921 April 9, 2021
  • JA to host fish fry on Saturday April 10th; order ahead now April 9, 2021
  • Saline County Mugshots — 040921 April 9, 2021
  • New Marriage Licenses in Saline County — 040921 April 9, 2021

Site Tree

  • Home
  • Search
  • News
    • All Posts
    • Mugshots
    • Court Filings
    • Jobs Listings
    • Business Articles
    • Dining Articles
    • Marriage Licenses
    • Obituaries
    • Sex Offenders
  • Events
  • Features
    • Maps
    • Elected Officials
    • Elections
    • Read Columnists
      • Shirtless Chef by Jason Murphy
      • Krystle’s Bookworm Diaries
      • Get Real with Doug Robinson
      • Shelli Cooks
      • “The Sleigh” by Roger L. Poole
      • Built to Battle – with Amanda Elliott
      • Common Man – Brent Davis
      • Anna’s Avenue – Anna Colby’s Columns
      • Bite Out of Life with Kaitlynn Garrett
      • Lee’s Faith & Fitness
  • Business Directory
  • Donate
  • Advertise
  • Contact us

Copyright © 2021 · MySaline.com