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

Men’s Tennis Goes 1-1 in Texas on Sunday

Published

11 hours ago

March 29, 2026

Press Room

Men’s Tennis Goes 1-1 in Texas on Sunday

The No. 36 Arkansas men’s tennis team had a pair of matches in Austin on Sunday to close out a Texas road trip and the Hogs went 1-1 in the outings.

The Razorbacks (15-10, 3-8) started the day with a 4-0 loss to No. 3 Texas (18-6, 9-2). The Longhorns’ Kalin Ivanovski and Abel Forger defeated No. 64 Connor Smillie and Jakub Vrba 6-3 to start doubles. No. 23 Sebastian Gorzny and Lucas Marionneau then took down Brendan Boland and Dmitry Kopilevich 6-1, and Texas claimed the doubles point.

In singles, No. 90 Abel Forger quickly won over Arsène Pogault on court four at 6-1, 6-1. Oliver Ojakaar made it 3-0 Texas with a 6-4, 6-1 takedown of Gabriel Elicha Navas, and Lucas Marionneau sealed the sweep for the home team with a 6-3, 6-3 victory over Brendan Boland.

Against the University of Incarnate Word (10-3, 2-0) later in the day, two of Arkansas’ doubles pairings won: Vrba and Smillie 7-5 over Santiago Flyckt and Marcel Moralles and Boland and Kopilevich 6-3 over Alexandre Chauvel and Alejandro Hernandez. Lukas Palovic and Eric Padgham were also up 6-5 over Augustin Salazar and Emilio Vila.

The Hogs continued to dominate in singles as No. 18 Vrba defeated Vila 6-4, 6-3, Kopilevich won 6-1, 6-1 over Salazar and Smillie took down Christian Cuellar 6-0, 6-4 for a 4-0 clean sweep to close out the day.

The Razorbacks return to action at home on Thursday, April 2 with an SEC matchup against Mississippi State at 5:30 p.m.

For the latest information on all things Arkansas Men’s Tennis, follow the Hogs on social media by liking us on Facebook (Arkansas Razorback Men’s Tennis) and following us on Twitter and Instagram (@RazorbackMTennis).

Source link

Arkansas

Arkansas Storm Team Forecast: Midweek Rain Chances

Published

23 hours ago

March 29, 2026

Press Room

Arkansas Storm Team Forecast: Midweek Rain Chances

We’ve got clouds to start out this Sunday with temperatures on the cool side. Once clouds exit, which should be later this afternoon, temperatures will warm into the 70s.

We’ll be back into the 80s both tomorrow and Tuesday. Dry conditions will continue through the next couple of days with a high wildfire danger persisting statewide.

Rain chances return midweek, with Wednesday through Friday bringing what could be a meaningful rainfall. Rainfall amounts are still uncertain, but we’re getting closer to pinpointing that. Stay tuned for updates!

Source link

Arkansas

Renegade wins 2026 Arkansas Derby

Published

1 day ago

March 28, 2026

Press Room

HOT SPRINGS, Ark. — After a hotly contested race, Renegade emerged as the winner of the 2026 Arkansas Derby at Oaklawn on Saturday.

The horse is owned by Robert & Lawana L. Low and Repole Stable, trained by Todd Pletcher, and ridden by jockey Irad Ortiz Jr. Renegade entered the race with 3/2 odds to win.

Silent Tactic finished in second place and Taptastic took home third.

In addition to his share of the $1.5 million purse, Renegade also earned points toward the Kentucky Derby.

Source link