Arkansas housing sales improving, but ... | Arkansas Blog

Tuesday, July 26, 2011

Arkansas housing sales improving, but ...

Posted By on Tue, Jul 26, 2011 at 9:19 AM

Arkansas housing sales and prices took a big jump upward in the 2nd quarter of the year compared with the first three months, the Arkansas Realtors Association reports. However .... sales in June and for the year to date remain below totals in 2010 ( 4 percent and 11 percent, respectively). See the spreadsheet here.

Read on for full release:

The Arkansas REALTORS® Association announced today that sales of home in Arkansas increased 31% in the second quarter of 2011 and the average price of homes in Arkansas grew by 6% to $141,613.

"Our data shows that Arkansas REALTORS® sold a total of 4,558 units during the first three months of the year. In April, May and June, REALTORS® sold a total of 6,607 units," said Amy Glover Bryant, Director of Communications for the statewide Association. "Our data also shows that June home sales were 9 percent higher than May and that home prices increased by 7 percent during the two months. I feel confident that this upward trend will continue and we will see a sizable jump in July's housing numbers."

An excel version of the report can be found at http://www.ArkansasRealtors.com/wp-content/uploads/2011/07/June-Housing-Report.xls

A PDF version of the June report can be found at http://www.ArkansasRealtors.com/wp-content/uploads/2011/07/June-Housing.pdf

Today's report shows the number of homes sold in the 42 county area covered by the report in June was down 4 percent compared to the same month last year and that average home prices for the month were down 1.5 percent.

Nationally, home sales are down 8 percent for the monthly comparison while housing prices were up .8 percent nationally suggesting in Bryant's opinion that Arkansas is doing slightly better than the nation as a whole for the month of June.

In the South, existing-home sales are 5.6 percent below June 2010 meaning Arkansas is doing slightly better than the region as a whole. Housing prices in the South were down 0.1 percent from a year ago suggesting that Arkansas is on par with the rest of the South

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