Kyle Ates, Realtor

📍 Hot Springs Area Market Update
📅 July 1–25 | Year-over-Year Snapshot

Thinking about buying or selling a home in the Hot Springs, Lakeside, or Lake Hamilton School Districts? Here's how the local market is performing compared to this time last year:

🏠 Homes Sold:
64 homes sold so far this July, down from 88 during the same stretch last year.

📉 Home Prices:
Average Sold Price: $327,493 (⬇️ $10K from last year)
Median Sold Price: $281,250 (slightly lower than $285,000 in 2024)

⏳ Days on Market:
Homes are sitting longer; an average of 89 days compared to just 51 days last year.

📋 Current Active Listings (As of July 2025)
Active Listings: 254
Average Listing Price: $489,308
Median Listing Price: $364,950
Average Days on Market: 67

I’m seeing a noticeable shift in buyer behavior here in our area. Buyers are more patient and selective, and many are negotiating harder now that homes are staying on the market longer. On the flip side, well-prepared homes that are priced right are still moving, just not as quickly as last summer. Sellers should focus on first impressions and strategic pricing. If you’re buying, this could be a great window to make a move with less competition.

💬 Are you surprised by how much longer homes are staying on the market?

If you're curious about what this market means for your real estate goals, I’d love to help you break it down. Whether you’re buying, selling, or just watching from the sidelines, I’m here to help you make sense of the numbers.

📲 Message me anytime for a personalized market analysis or to start your home search.

Call now to connect with business.

🔑 Why Getting Pre-Approved Is a Game-Changer for Home Buyers 🏡

Thinking about buying a home? Before you start scrolling through listings or booking showings, there’s one step you shouldn’t skip: getting pre-approved.

Here’s why it matters:

💰 1. Know What You Can Afford: Pre-approval gives you a clear picture of your budget so you’re not falling in love with homes that stretch beyond your means.

📑 2. Show Sellers You’re Serious: In a competitive market, sellers want offers from qualified buyers. A pre-approval letter shows them you’re ready to move forward now.

⏱️ 3. Move Faster When You Find “The One”: Homes can go fast—being pre-approved means you’re ready to make a strong offer without delays.

💬 4. Spot Potential Issues Early: The pre-approval process helps uncover any credit or financial issues before they become a deal-breaker later.

✅ Bottom line: pre-approval sets you up for a smoother, more confident home-buying journey.

Have questions or need help connecting with a trusted local lender? I’m just a message away.

Kyle Ates, Realtor
501-359-1550
RE/MAX Elite
makearkansashome.com

Have you considered selling your home before the year end? While it can be done, are you hesitating because you’re worried about mortgage rate increase or that you may not be able to find a home due to low inventory and high competition? If so, I would like to connect and we can discuss your options. We can work together to achieve your real estate goals!

Kyle Ates, Realtor
501-359-1550
RE/MAX ELITE

Wondering how to increase your net worth? Owning a home is a great way to do that.

In recent years, known as the unicorn years, homeowners saw a huge increase in their equity due to the rising home prices as a result of the influx of buyers looking to take advantage of low mortgage rates.

You may be thinking “did i miss my opportunity?” Historically, we’ve seen that home prices rise over time. This is good news as experts predict that home prices will continue to increase but at a more normal rate.

If you’re ready and able to buy a home today, DM me to talk about how we can grow your net worth!

Kyle Ates, Realtor
501-359-1550
RE/MAX ELITE