August 2025 Washington County Analysis

 🔑 Key Takeaways

💰 Prices Up - Home prices increased +12.5% YoY.

📉 Total Homes Slipped - Residential homes sold were down -4.1% YoY.

🏠 New Homes Surge - New homes sold increased +16.1% YoY.

🏡 Price Gains Despite Sluggish Sales

Home prices continued their climb in August, with gains across both new and existing homes. This is especially notable amid the national narrative of builders offering deep incentives to move product.

Despite the price appreciation, total sales activity fell short of expectations, particularly given NWA’s population growth.

🏠 Existing Home Sales Washington County

• Sales Decline - Only 188 units sold, the lowest August total in four years.

• Price Increases - Median sales prices were up +13.8% year over year continuing an upward trend.

🏗️ New Home Sales - Washington County

• Sales Mix - New home sales represent 27.7% of total residential sales.

• Price Increases - New home prices jumped +12.7% year over year.

• Volume - New home sales were up +16% year over year but overall residential home sales were down -4.1% year over year.

📊Financial Health

Notice of Defaults:

• 19 total Notice of Defaults filed in Washington County in August vs. 23 in July. Still no visible indicators of debt level stress or delinquencies in the housing market.

Total Sales Volume

• Total Sales Volume - Sales volume continues to climb and is getting close to the pandemic levels of 2022. Interestingly though, units sold are down -27% since 2022 but price increases have risen significantly during that time to offset the decline in unit sales.

🏦Mortgage Activity

• 30 Year Mortgage - The average 30 year mortgage is 6.38%. This is up from last week’s average of 6.23%.

• Average Loan Balance - $288,095 in August.

• Household Equity - With a median home price of $360,000, the average homeowner holds $71,905 in equity

• Mortgage Filings - Up +4.2% YoY.

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