Where the Real Estate Market Is Headed in 2019?

Now that we’re a few months into 2019, let’s take a look at where the real estate market is headed this year.

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We've seen prices continue to increase, and the overall sales price per square foot is rising almost everywhere in Northeast Arkansas, especially in the Jonesboro area, where we’re seeing the most growth. There’s been a lot of opportunity and activity in the Brooklyn area, as well, and Paragould has also become a hot market.

Interest rates have actually stabilized—we haven’t seen any of the big jumps that we were expecting to back in 2019. Throughout the end of 2018, the Fed said they weren’t going to continue to push interest rates up, which has been great for many of us in the market.

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It looks like it’s going to be another exciting year for Northeast Arkansas real estate.

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Rates are still in the high-threes and the mid-fours, which makes for, as we say, cheap money. To put it in perspective, 20 years ago when I bought my first house, the interest rate was 8.75%—my own father even congratulated me for finding a rate under 10%! By comparison, we’ve been spoiled with our rates, and it looks as though they’re going to stay this way for a while.

If you’re thinking about buying or selling a home, feel free to reach out to us. We can give you a list of available properties and/or an accurate estimation of your home’s value so that you can confidently move forward to your goals this year.