Charted: nwa's may home sales prices below national median

Charted: nwa's may home sales prices below national median

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With the most fruitful home-selling season in full swing, we're checking out the market. WHY IT MATTERS: NWA home prices have soared by more than 100% in the past decade, making it harder for lower- to middle-wage earners to find homes. BY THE NUMBERS: As of May, the median home price in all of NWA was $380,000. * That's well below the U.S. median of nearly $440,000. YES, BUT: The average selling price for a single-family home during the second half of 2023 in Benton County was $420,144, and $386,695 in Washington County, according to the latest Arvest Skyline Report. * Those prices are down slightly from the previous six months. WHAT'S NEXT: Elevated mortgage rates, which are dampening the appeal and affordability of home buying, could remain high for longer. GO DEEPER: U.S. home prices hit a new record high in May

With the most fruitful home-selling season in full swing, we're checking out the market. WHY IT MATTERS: NWA home prices have soared by more than 100% in the past decade, making it


harder for lower- to middle-wage earners to find homes. BY THE NUMBERS: As of May, the median home price in all of NWA was $380,000. * That's well below the U.S. median of nearly


$440,000. YES, BUT: The average selling price for a single-family home during the second half of 2023 in Benton County was $420,144, and $386,695 in Washington County, according to the


latest Arvest Skyline Report. * Those prices are down slightly from the previous six months. WHAT'S NEXT: Elevated mortgage rates, which are dampening the appeal and affordability of


home buying, could remain high for longer. GO DEEPER: U.S. home prices hit a new record high in May