The Morning News has reported that the Northwest Arkansas real estate market is “among the healthiest in the nation”, a good sign in a troubled economy.
Hanley Wood, a California-based research firm, has ranked the Northwest Arkansas area is #9 in the nation, based on fourteen economic indicators, including population trends, employment trends, pricing, affordability issues and building permits.
A local realtor claimed the Northwest Arkansas has “strong bookends” because the University of Arkansas and Wal-Mart are located in the area.
Realtors are still moving property, although at a slower pace than in the past few years, but the Hanley Wood indicators suggest opportunity as real estate prices have dipped slightly.
A local Northwest Arkansas realtor commented that the local real estate market is in its 30th month of decline and sellers are finally marking down their prices. The Northwest Arkansas area, listed as Fayetteville, follows Houston, Austin, Fort Worth, San Antonio, Dallas, Raleigh, Seattle, and Indianapolis. The area is followed by Washington D.C., Nashville, Denver, Charlotte, Wilmington, and Myrtle Beach.
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Interested in buying land in Northwest Arkansas? Visit NorthwestArkansasLand.net to see properties for sale near Northwest Arkansas Regional Airport (XNA)!
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