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The Northwest Arkansas Real Estate Market: Is Now the Right Time to Buy or Sell?
As Realtors©, the two most common questions we hear are: How is the market? and Is it a good time to buy or sell?
Market Overview
The Northwest Arkansas market is off to a strong start this year. The spring selling season has arrived early, with the number of homes sold up 7% compared to this time last year. After a period of slowing demand, we saw a resurgence last summer, and that momentum has continued. Analysts predict a steady demand for housing in our region throughout the year.
We are gradually approaching a balanced market, typically defined as having 4 to 6 months of inventory available. However, certain price points and high-demand areas are still favoring sellers.
- Days on Market: Slightly up by just a few days.
- Median Home Price: Up 2.5% compared to last year.
- Price Growth Predictions: Expected to increase 5-6% in 2024, compared to a 3.5% national average.
Is Now the Right Time to Buy?
There’s never really a bad time to buy a home. The sooner you step into homeownership, the better, as home values continue to rise and interest rates have stabilized. Experts anticipate mortgage rates will remain around 6% through 2025 and into 2026.
Homeownership is one of the most effective ways to build wealth over time. While your first home may not be your dream home, it’s a stepping stone toward future real estate opportunities. If you can afford to buy now, waiting may only cost you more in the long run.
Is Now the Right Time to Sell?
Many sellers who have been holding off due to low interest rates are finally making a move. Over the past few years, homeowners locked in historically low mortgage rates, making it difficult to justify selling at higher rates. However, life changes often dictate real estate decisions, and we’re seeing more sellers enter the market as they adjust to their evolving needs.
Common reasons homeowners are selling now:
- Downsizing from larger family homes.
- Moving up into a larger home as families grow.
- Relocating for work or lifestyle changes.
Ultimately, the decision to buy or sell depends on your personal situation. If you’re considering making a move, let’s discuss your goals and how to navigate today’s market successfully.
Celebrating Black History Month
At Better Homes and Gardens Real Estate Journey, inclusivity and diversity are not just ideals—we aim to live them every day. They are deeply embedded in our core values, represented by PAIGE: Passion, Authenticity, Inclusion, Growth, and Excellence. These principles guide our vision as a company, shaping how we serve our clients, support our colleagues, and engage with our community. We believe that fostering an environment where everyone feels valued, heard, and empowered is essential to our success. That’s why we celebrate Black History Month in February—to recognize the profound impact of Black leaders, innovators, and trailblazers who have shaped our world.
However, our commitment to honoring Black history and heritage extends far beyond just one month. We lead by example, ensuring that diversity and inclusion are reflected in every aspect of our business—from the relationships we build to the opportunities we create. Our mission is to cultivate spaces where all are included, and everyone belongs, fostering a culture where different perspectives and experiences are embraced. By prioritizing representation, equity, and meaningful dialogue year-round, we continue to uphold our values and contribute to a future where inclusivity is not just encouraged—it’s expected.
Nikki Taylor, a valued and celebrated agent and member of the the Better Homes and Gardens Real Estate Journey team, shares why Black History is important to all of us and what it means to her:
Black history is my history. Black history is U.S. history. If we choose to remove the divides, it is “US” history. The contributions of African Americans have impacted and shaped all our lives; be it music, fashion, medicine, science, inventions, wars and civil rights activism. So Black History Month serves as a time to celebrate and recognize so many of those contributions and achievements that have been often overlooked or forgotten. We don’t know what we don’t know. So, we must teach. Teach our children the history of this nation so the negative portions don’t repeat, and they are inspired to continue making positive strides toward positive change.
As for the black community, it isn’t uncommon to be choked with the fallacious narrative of who we are. For this cause, it becomes even more imperative to revisit our history to remind us of the undeniable truths we embody. We aren’t ignorant, lazy, violent or less than. We are intellects, innovators, compassionate and worthy of the space we take up in this world. I don’t take it lightly that I stand in 2025, as a free woman, able to have my own business, live in the neighborhood of my choosing and give my children the best education. I have the right to exercise my freedom of speech and vote. All of these liberties are available because so many African Americans fought for rights, they would never have the luxury of experiencing. However, they did it to ensure the future of generations to come. So let us strive to do the same.
As I reflect on the accomplishments of my ancestors, I am inspired to be better. I am humbled by their strength and their passion for what they believed in. I am overwhelmed by the compassion they were still able to show in the face of adversity and outright hate. I come from great people and that should be celebrated. I am because they are…we can because they did. Happy Black History Month.
Reflections and Predictions: The Real Estate Rollercoaster of NWA and What’s Ahead for 2025
Reflections and Predictions: The Real Estate Rollercoaster of NWA and What’s Ahead for 2025
Happy New Year, Northwest Arkansas! It’s your trusty guide to all things real estate, writing to you with coffee in one hand and a notepad of dreams in the other. As we step into 2025, let’s take a moment to reflect on the whirlwind ride that was the past year and gaze into the crystal ball of housing trends for the year ahead. Spoiler alert: it’s going to be exciting!
The 2024 Recap: Highs, Lows, and Hilarious Bumps
If 2024 taught us anything, it’s that the real estate market in Northwest Arkansas has more twists and turns than a Razorback game in the final quarter. From the surprising uptick in new construction to a brief pause as interest rates made everyone hold their breath, we saw it all.
Remember last spring when every third conversation started with, “Should we sell now or wait?” (Answer: “It depends…” which, by the way, is a phrase we’ve mastered.) Or when houses with outdoor kitchens were the hottest thing since, well, grilled hamburgers? Who could forget the great backyard garden revival of 2024, where buyers suddenly insisted on enough room for a chicken coop and a fire pit?
Yes, we’ve celebrated record-breaking closings, empathized through buyer’s fatigue, and laughed at some truly unique staging quirks (you’d be surprised how often a life-size cardboard Elvis shows up during open houses).
Looking Ahead: 2025 Trends and Opportunities
But here’s the exciting part: 2025 is shaping up to be a year of balance and opportunity. Whether you’re a seasoned homeowner looking to downsize or a first-time buyer nervously dipping a toe into the market, the future is bright.
What’s on the Horizon?
- Steady Rates: Economists forecast stabilization in interest rates, making it easier for buyers and sellers to make confident decisions.
- Eco-Friendly Features: Sustainability isn’t just a trend; it’s the new normal. Homes with energy-efficient upgrades, solar panels, and native landscaping will be in high demand.
- Urban Suburbia: Communities like Bentonville and Fayetteville continue to strike that magical balance of small-town charm with big-city amenities. It’s no wonder NWA consistently ranks among the best places to live.
- Flexible Spaces: Post-pandemic lifestyles have cemented the need for multipurpose spaces—think home offices that double as yoga studios or cozy nooks for remote learning.
Resolutions, Dreams, and Real Estate Goals
A new year always feels like a clean slate. For some, it’s the year to upgrade to a bigger home. For others, it’s about downsizing to simplify life (and let’s be honest, minimize cleaning). Maybe you’re dreaming of an investment property or considering a move closer to the grandkids. Whatever your resolution, we’re here to cheer you on every step of the way.
At Better Homes and Gardens Real Estate Journey, we’re not just about buying and selling homes. We’re about unlocking dreams. We’re about helping you write the next chapter of your story, whether it’s finding the perfect neighborhood, navigating market changes, or discovering that your dream kitchen was right here in NWA all along.
Let’s Unlock Your 2025
We know the path to real estate goals can sometimes feel like navigating a corn maze (with the added challenge of paperwork). But here’s the good news: you don’t have to do it alone. Whether it’s tackling hurdles or celebrating milestones, it’s our privilege to walk this journey with you. After all, your goals are our goals, and your dreams are why we do what we do.
So, here’s to a year of new beginnings, big dreams, and exciting possibilities. Give us a call, shoot us a message, or stop by for a chat. Let’s make 2025 the year your real estate dreams come true—and have some fun while we’re at it!
With warm wishes (and probably more coffee),
Better Homes And Gardens Real Estate Journey
Whoville Goes to The Hospital: Our first annual Toy Drive with Arkansas Children’s Hospital
This year marked a special milestone for our team as we hosted our very first Toy Drive, partnering with Arkansas Children’s Hospital for their annual *Festival of Stars* event. We couldn’t be more thrilled with how our office, friends, and clients came together to support such an incredible cause. Thanks to your generosity, we were able to collect over **$5,000 worth of toys** to donate to the children at Arkansas Children’s Hospital.
The outpouring of support from our community was truly heartwarming. From the very first day of the toy drive, we were amazed by how many people stepped up to help. It wasn’t just about donating toys—it was about spreading holiday cheer and making a difference for children who need it most. Whether it was our office team, friends, family, or clients, we are incredibly grateful to everyone who contributed. Your kindness will help ensure that children and families spending the holidays in the hospital will have a brighter Christmas.
A personal highlight of the event for us was getting the chance to participate in the *photo op* tent, where families could stop by and take a picture with Santa and the delightful Whoville cast of characters. The tent was a huge hit, with kids (and adults!) lining up for their moment to snap a festive photo. There’s something magical about seeing the joy in people’s faces as they interact with the characters, and it made the whole day even more memorable.
The Festival of Stars is so much more than just a fun event; it plays a vital role in supporting families who find themselves facing extended hospital stays during the holidays. Thanks to the festival, families at Arkansas Children’s Hospital have the opportunity to shop for free at the *Snowflake Shop*, where they can select gifts for their children and loved ones. This thoughtful gesture allows them to give their families a sense of normalcy and joy, even in the midst of challenging circumstances.
This year, the Festival of Stars raised an incredible **$361,046** in donations and toys, making it one of the most successful events yet. We are proud to have played a small part in such a meaningful initiative, and we’re overjoyed to see how the funds raised will support the children and families served by Arkansas Children’s Hospital.
As we reflect on our first Toy Drive, we can’t help but feel a deep sense of pride. Our team, our clients, and our friends came together to make something truly special happen. We are so grateful to everyone who helped make this toy drive a success, and we can’t wait to continue supporting this wonderful cause in the years to come.
A heartfelt thank you to all who contributed, volunteered, and supported us during this journey. You made a difference, and we couldn’t have done it without you. Here’s to making even more holiday magic in the years ahead!
Sleigh the Real Estate Market This Holiday Season: Northwest Arkansas Edition
As December unfolds, Northwest Arkansas continues to shine as a growing hub for both residential and commercial real estate, presenting unique opportunities for buyers, sellers, and investors. With a population boom and robust economic activity, the region remains a hotspot for real estate activity, even during the traditionally slower holiday season.
Residential Trends:
- Rising Home Values: Home prices in Northwest Arkansas have seen significant growth over the past five years, with Benton County rising by 72.5% and Washington County by 65.4%. As of late 2024, Benton County homes average $432,956, while Washington County sits at $389,574. This appreciation reflects strong demand and limited supply.
- Seller’s Market: Inventory remains tight, particularly in Benton County, where months of inventory have dipped below the balanced market threshold, making it an excellent time for sellers to list.
- Increased Residential Sales Volume: A year-over-year increase of 14% in residential sales volume underscores strong buyer interest, even amidst higher mortgage rates
.
Commercial Opportunities:
- Booming Construction: Over $409 million in commercial building permits were issued in early 2024, reflecting strong developer confidence in the region. Notably, only a small portion was tied to Walmart’s new projects, signaling a diverse investment landscape.
- Multifamily Development: With a low 3.3% vacancy rate, multifamily properties remain a viable investment. Over 5,400 new units are under construction, meeting growing demand while maintaining upward pressure on rental rates
.
Why December?
The holiday season in Northwest Arkansas offers strategic advantages:
- Less Competition: Fewer listings and reduced buyer activity mean serious buyers have a clearer path to their dream home, while sellers face fewer competing properties.
- Favorable Market Positioning: Rising interest rates have tempered the pace of transactions, but the region’s strong economic fundamentals and population growth promise sustained demand.
Key Tips for Navigating December’s Market:
- For Buyers: Work with a local expert to uncover opportunities before the spring rush. Focus on properties in high-demand areas like Bentonville or Fayetteville.
- For Sellers: Showcase your home’s warmth and charm during the festive season to appeal to motivated buyers.
- For Investors: Explore commercial opportunities, especially in multifamily and mixed-use developments, to capitalize on growing rental demand
.
Whether you’re looking to buy, sell, or invest, now is the time to sleigh the real estate market in Northwest Arkansas. Embrace the holiday spirit and turn this season into a stepping stone for your real estate goals!
Green Door of Distinction Award
We were recently bestowed the honor of the Green Door of Distinction by BHGRE.
As the leading lifestyle brand in real estate, Better Homes and Gardens Real Estate encourages our network to design office spaces that transcend traditional work environments—places that foster collaboration, learning, and growth while reflecting the unique spirit of our brand. The Green Door of Distinction is awarded to an affiliate that creates a space which not only functions as a workplace but also embodies the Better Homes and Gardens lifestyle. This award recognizes the office that has excelled in blending design, innovation, and a welcoming atmosphere—attracting associates and clients alike into an inspiring, collaborative environment.
We were pleased to receive such award and to have Better Home and Gardens Real Estate share these words about us, ” In late 2019, BHGRE Journey set out to establish a new branch in Bentonville, Arkansas, with a bold vision—one that would go beyond the traditional real estate office and truly reflect the lifestyle values of the Better Homes and Gardens brand. Situated in the heart of the city’s growing cultural arts district, their office has become much more than just a workplace. It is a community hub. With its inviting design, from magazine-worthy curb appeal to warm and versatile workspaces, this office perfectly captures the essence of the PAIGE Core Values and the Better Homes and Gardens legacy. At its center, a beautifully open kitchen with a farmhouse-inspired 12-seat table and cozy seating area encourages collaboration and conversation, all in an inviting atmosphere. While many in the real estate industry have shifted toward remote work, BHGRE Journey has taken a different approach. Their Bentonville office has become a place not just for business, but for fostering relationships and a sense of community over the last three years. Please join me in congratulating BHGRE Journey for their exceptional office design and community spirit as they accept the Green Door of Distinction Award.”
It is an honor to receive this, but also a dream come true to embody all that it stands for.
Halloween Home Trends
This Halloween, home decor is going all out, with spooky vibes to fit every style. From dark and dramatic to playful and nostalgic, there’s something for everyone looking to get their home into the Halloween spirit. We’re seeing tons of bright colors, moody vintage vibes, and decor that is taking to the MAX(imalista). Whether you love a good Target/Walmart run or you gather from flea markets, there is fun ways to get your house ready to be spooky!
Here are the top trends we’re seeing this year:
- Gothic Haunting
For those who love a dark, brooding atmosphere, Gothic is making a statement. Deep black and purple hues, paired with rich textures like velvet, create a dramatic look. Imagine setting the mood with ornate candlesticks, vintage mirrors, and plush black throw pillows. Even a few candelabras or a dark floral centerpiece can instantly bring that mysterious, elegant vibe. Think haunted mansion meets Victorian chic!
- Vintage Scare
If you’re feeling nostalgic, Vintage is the way to go. This trend brings back the classic Halloween charm with retro-inspired decorations. Picture a porch adorned with faded jack-o’-lanterns, old-school black cat cutouts, and skeleton figurines straight out of the 1950s. Add in some rustic wooden signs or distressed lanterns to complete the look. It’s all about creating that cozy, old-time eerie feel.
- Subtle Spooky
For those who prefer a more understated approach, Subtle Spooky hits the perfect balance. This style embraces the essence of Halloween without going over the top. Think sleek, modern decor with a touch of spooky—like a matte black vase filled with dark branches, a few strategically placed skulls, or soft candlelight to cast eerie shadows. It’s sophisticated and spooky, without being overwhelming.
- Maximalista Halloween Slay
If you live by the “more is more” philosophy, Maximalista Spooky is for you. Bold, bright, and fearless, this trend embraces Halloween in all its colorful, over-the-top glory. Picture giant inflatable skeletons on the lawn, neon ghost lights in the windows, and every inch of space filled with cobwebs, pumpkins, and playful decor. This is Halloween maximalism at its finest—perfect for those who love to throw the ultimate Halloween party!
No matter your style, this Halloween is all about expressing your personality and creating the perfect atmosphere in your home.
Read more here about All Hallow’s Eve Decor in BHG Magazine.
We love to bring you the hottest listing in Northwest Arkansas, but also love to bring you the latest trends of the year and season. Because Nobody knows homes BETTER!
Celebrating Labor Day: Honoring the Legacy of American Workers and the Iconic Rosie the Riveter
Celebrating Labor Day: Honoring the Legacy of American Workers and the Iconic Rosie the Riveter
Labor Day, a cornerstone of American tradition, was born from the labor movement and serves as a day to honor the social and economic achievements of American workers. This annual tribute acknowledges the vital contributions that workers have made to the strength, prosperity, and well-being of our country. As we enjoy the long weekend, it’s important to remember the rich history behind this holiday and the figures who have come to symbolize the American labor force.
The Origins of Labor Day
Labor Day has grown in significance over the years, with its first governmental recognition coming through municipal ordinances passed in 1885. These early acknowledgments reflected a growing awareness of the importance of the labor movement and the need to celebrate the people who powered the nation’s industries.
By 1909, the American Federation of Labor convention took the celebration a step further by designating the Sunday preceding Labor Day as “Labor Sunday,” a day dedicated to the spiritual and educational aspects of the labor movement. This expansion of Labor Day’s meaning highlighted not just the economic contributions of workers, but also their role in shaping the moral and educational fabric of the nation.
Rosie the Riveter: A Symbol of Strength and Resilience
Fast forward to the 1940s, when the United States found itself embroiled in World War II. As the war raged across Europe and the Pacific, the need for labor on the home front became more crucial than ever. Women stepped into roles traditionally held by men, who were now fighting overseas. It was during this time that the iconic figure of Rosie the Riveter emerged.
The song “Rosie the Riveter” became a rallying cry, celebrating the women who were taking on these essential jobs. To support the war effort, Westinghouse commissioned Pittsburgh artist J. Howard Miller to create a series of motivational posters. Among these was the now-famous image of a woman with her hair wrapped in a red polka-dot scarf, rolling up her sleeve and flexing her bicep, accompanied by the bold words “We Can Do It!” Although often associated with Rosie, this poster was actually based on a photograph of Geraldine Hoff, a 17-year-old working as a metal-stamping operator.
Norman Rockwell’s Rosie: A Different Take
In 1943, another iconic image of Rosie the Riveter was created by the legendary artist Norman Rockwell for the Memorial Day issue of the Saturday Evening Post. Rockwell’s Rosie was a muscular woman dressed in overalls, wearing goggles, and adorned with pins of honor on her lapel. She sported a leather wristband and had rolled-up sleeves, embodying the hardworking spirit of the time. Rockwell’s Rosie sat with a riveting tool in her lap, eating a sandwich, with “Rosie” inscribed on her lunch pail. In a powerful symbol of defiance, she was depicted stepping on a copy of Adolf Hitler’s *Mein Kampf*.
While Rockwell’s Rosie became less visible after the war, largely due to strict copyright protection by the Rockwell estate, her impact was undeniable. The original painting sold at Sotheby’s in 2002 for nearly $5 million and was later acquired by the Crystal Bridges Museum of American Art in Bentonville, Arkansas, in 2009, where it remains a permanent piece of their collection.
The Legacy of Labor Day and Rosie the Riveter
Labor Day is more than just a day off; it’s a celebration of the workers who have built and continue to build this nation. The legacy of Rosie the Riveter, with her rolled-up sleeves and “can-do” attitude, embodies the resilience and determination that define the American spirit. As we honor the achievements of workers past and present, let’s also remember the iconic figures like Rosie who inspire us to continue striving for a better, stronger future.
Just as Rosie has inspired generations, Better Homes and Gardens Real Estate Journey aims to be the trusted household name Northwest Arkansas depends on for generations to come. And we’re certain that is Rosie was in Real Estate, she would bring that same “can-do” gumption that our agents offer to their clients as we serve their dreams of better future.
The secret to becoming a first time home homebuyer : what you need to know.
Do you remember how it felt to hold the keys to your first home for the first time? Do you remember unpacking that last box? Were there quirks to that first house that you still laugh about? Did you buy your first home by yourself or with someone?
Becoming a first-time homebuyer is a deeply memorable experience, filled with a blend of excitement, pride, and a touch of anxiety. It’s the moment when dreams of owning a space to call your own transform into reality. The process, from searching for the perfect home to finally holding the keys in your hand, is both exhilarating and nerve-wracking. Every decision, every step, is charged with significance as it marks the beginning of a new chapter in life. The joy of creating a personal sanctuary, where future memories will be made, is an unforgettable milestone, leaving a lasting impression on your heart and mind.
It’s likely that no matter how imperfect that first house was you look back on it with some nostalgia because it was the first home you bought. That first big purchase is always memorable, and it should be. It’s a milestone and an achievement that should be celebrated.
Becoming a first-time homebuyer often involves navigating a series of significant hurdles that can be both challenging and daunting. The process begins with saving enough for a down payment, which can be difficult, especially in markets with rapidly rising home prices. Securing a mortgage adds another layer of complexity, as it requires a solid credit history, a stable income, and often, the assistance of a financial advisor to understand the various loan options.
- Low or Lack of Credit History
- Low Home Inventory
- No down payment
There are programs to help first time buyers clear those hurdles, such as, credit building cards, FHA loans that don’t focus heavily on credit score, new construction designed for first time home buyers, and down payment assistance programs.
For today, let’s focus on the hurdle of downpayment. The Arkansas Development Finance Authority has several programs that make purchasing a home more affordable for low-to-moderate income families and individuals. For eligible borrowers, these programs can greatly reduce the out-of-pocket expense to the buyer. Two of these program are the “ADFA Move-Up” Loan Program and the ADFA STARTSMART First Time Homebuyer program.
Current ADFA program for Arkansas allows for up to $15,000 in down payment assistance for qualified borrowers which can be used towards Down Payment and Closing Costs on the purchase of a home. ADFA allows for that $15,000 to also be used towards Buyer’s Agent Commission as it is part of the cost of purchasing a home if stated in the contract.
Down Payment Assistance works as a loan in conjunction with the mortgage for the new home. The loan is set on a 10 year note with the interest rate matching that of the mortgage.
For example: if you were borrowing $15,000 (the full amount) to use towards the down payment and closing costs, and your interest rate is 6.375% (todays rate), your monthly payment would be $169 for the DPA. This would be added to your total monthly payment. So if you were buying a $250,000 house with a 3.5% down payment your loan of $241,500 would have a payment of roughly $1,750 a month which would bring your total payment to $1,919 a month with the DPA added. A buyer could bring $0 to the closing and essentially finance the entire home this way.
For more information on these programs, visit the ADFA’s website.
While the hurdles to becoming a first-time homebuyer can seem daunting, they should not deter you from exploring your options. Every challenge faced along the way is a step toward the rewarding achievement of owning your own home. With careful planning, sound financial advice, and patience, these obstacles can be overcome.
The satisfaction of having a place to call your own, where you can build a future and create lasting memories, far outweighs the temporary difficulties of the home-buying process. It’s important to stay focused on your goals, seek support when needed, and remember that many have successfully navigated this path before you.
Embrace the journey, knowing that the outcome will be worth the effort.
