Metropolitan Statistical Area (MSA):
El Dorado, AR is a Metropolitan Statistical Area (MSA) comprising counties including Union County.
There is no doubt that the real estate market in the El Dorado, AR metropolitan statistical area (MSA) has been on a roller coaster ride over the past few years. After reaching record highs in 2006 and 2007, prices plummeted during the Great Recession and have only recently begun to rebound. Despite these ups and downs, there are some trends that remain constant in the El Dorado housing market.
One of the most notable trends is the continued popularity of suburban living. Families are drawn to suburban neighborhoods for their spacious yards, good schools, and safe streets. As a result, these areas continue to be some of the most sought-after places to live in the MSA. Another trend that has remained steady is the preference for newer homes. Buyers are willing to pay a premium for houses that are less than 10 years old, which has helped to drive up prices in newer subdivisions.
Despite these trends, there are signs that the El Dorado housing market may be cooling off somewhat. Sales volume was down significantly in 2017 compared to previous years, and average prices have also begun to level off after several years of steady increases. It remains to be seen whether this is simply a temporary lull or a sign of things to come, but either way it's clear that the El Dorado housing market continues to be an exciting place to watch!
|71758||287||1.6||America/Chicago||33.30760||-92.91426||Mount Holly||Union County||Arkansas|
|71749||2,882||6.7||America/Chicago||33.07169||-92.82023||Junction City||Union County||Arkansas|
|71730||30,079||25.4||America/Chicago||33.20063||-92.62908||El Dorado||Union County||Arkansas|