Arkansas

Northwest Arkansas home sales down double digits in 2023 – Talk Business & Politics

Published

2 years ago

January 29, 2024

Northwest Arkansas home sales down double digits in 2023 – Talk Business & Politics

For the second consecutive year, residential home sales declined by double digits in Northwest Arkansas’ two largest counties.

Real estate agents combined to sell 9,802 residential properties in the two-county area last year. That’s according to data from the Matrix software platform the Northwest Arkansas Board of Realtors (NABOR) uses and provided to the Northwest Arkansas Business Journal by Marcus Necessary, vice president and executive broker with Weichert, Realtors-The Griffin Co.

According to the data, those figures represent a 10.3% decrease from 10,923 home sales in 2022. The year-over-year decrease was 11.6% last year, from 12,349 home sales in 2021.

“Interest rates certainly played a part in slowing down our market,” said Sherry Laemmle,” vice president and general manager of the Northwest Arkansas region for Tennessee-based Crye-Leike Real Estate Services. “Also, so many homeowners refinanced at the lower rates and are hesitant to give that up.”

According to historical figures previously reported by the Northwest Arkansas Business Journal, unit sales were up 2.4% in 2021, 12.8% in 2020 and 6.3% in 2019. That followed annual gains of 1.3% in 2018, 7.7% in 2017 and 9.1% in 2016.

Home sale values also declined in 2023, from $4.24 billion to $4.02 billion, a dip of 5.2%.

Those numbers produced an average home sale price of $410,807 last year, up 5.6% from $388,860 in 2022.

Benton County residential properties in 2023 had a sales volume of $2.66 billion, down 5.3% from 2022. Unit sales were down 10% to 6,326. The average selling price of a home in Benton County was $421,144, up 5.2% from the previous year.

In Washington County, total sales volume declined 4.89% to $1.36 billion last year, while unit sales were down 10.5% — 3,887 to 3,476. The average selling price of a home in Washington County was $391,994, up 5.6% from the previous year.

According to the National Association of Realtors, U.S. home sales dropped 19% last year to 4.09 million, the lowest level since 1995.

Source link

Arkansas

One more list of wishes for Arkansas in 2026 | Arkansas Democrat Gazette

Published

8 hours ago

January 10, 2026

Press Room

One more list of wishes for Arkansas in 2026 | Arkansas Democrat Gazette

Rex Nelson

rnelson@adgnewsroom.com

Rex Nelson has been senior editor and columnist at the Arkansas Democrat-Gazette since 2017, and he has a biweekly podcast called “Southern Fried.”

After graduating from Ouachita Baptist University in 1981, he was a sportswriter for the Arkansas Democrat for a year before becoming editor of Arkadelphia’s Daily Siftings Herald. He was the youngest editor of a daily in Arkansas at age 23. Rex was then news and sports director at KVRC-KDEL from 1983-1985.

He returned to the Democrat as assistant sports editor in 1985. From 1986-1989, he was its Washington correspondent. He left to be Jackson T. Stephens’ consultant.

Rex became the Democrat-Gazette’s first political editor in 1992, but left in 1996 to join then-Gov. Mike Huckabee’s office. He also served from 2005-09 in the administration of President George W. Bush.

From 2009-2018, he worked stints at the Communications Group, Arkansas’ Independent Colleges and Universities, and Simmons First National Corp.

Source link

Arkansas

USA Truck returns to private Arkansas-based ownership | Arkansas Democrat Gazette

Published

20 hours ago

January 9, 2026

Press Room

USA Truck returns to private Arkansas-based ownership | Arkansas Democrat Gazette

Dylan Sherman

dsherman@nwaonline.com

Dylan Sherman is a business reporter for the Arkansas Democrat-Gazette. He is based in Northwest Arkansas and focuses on Tyson Foods Inc. and the transportation industry. A graduate of the University of Missouri, he has been with the newspaper since 2023.

Source link

Arkansas

Arkansas Court of Appeals | Arkansas Democrat Gazette

Published

1 day ago

January 9, 2026

Press Room

Arkansas Court of Appeals | Arkansas Democrat Gazette

The Arkansas Court of Appeals released opinions Wednesday. The court’s ruling and the names of the cases are reprinted here. The full opinions and other court proceedings, including per curiam decisions, orders and submissions, can be found on the internet at arcourts.gov.

PROCEEDINGS OF Jan. 7, 2026

CHIEF JUDGE N. MARK KLAPPENBACH

CR-23-821. Kenneth Steward v. State of Arkansas, from Benton County Circuit Court. Affirmed. Gladwin and Brown, JJ., agree.

JUDGE ROBERT J. GLADWIN

CR-25-24. Bryce Anderson v. State of Arkansas, from Benton County Circuit Court. Affirmed. Virden and Harrison, JJ., agree.

JUDGE CASEY R. TUCKER

CV-24-537. Flywheel Energy Production, LLC v. Van Buren County, Arkansas; and Van Buren County Judge Dale James, in His Official Capacity as Van Buren County Judge, from Van Buren County Circuit Court. Reversed and dismissed. Abramson and Harrison, JJ., agree.

JUDGE WENDY SCHOLTENS WOOD

CV-24-209. LRS South, LLC v. Benton County Solid Waste Management District and the Benton County Solid Waste Management District Board, from Benton County Circuit Court. Reversed and remanded. Hixson and Murphy, JJ., agree.