Arkansas home sales down, prices up | Arkansas Blog

Thursday, May 24, 2012

Arkansas home sales down, prices up

Posted By on Thu, May 24, 2012 at 11:01 AM

The lead of the Arkansas Realtors Association report on April housing sales:

The number of homes sold in Arkansas decreased by 10 percent over a year ago while the average price of those homes sold rose by 8.3 percent. The average price of the homes sold in the 43-county area surveyed by the Association increased from $138,642 in April 2011 to $150,153 in April 2012.

"It is interesting to see that although the number of units sold for April fell in Pulaski, Washington and Benton Counties the price per unit increased-a whopping 26.6% in Washington and 11.5% in Benton County," said Amy Glover Bryant, Director of Communications for the statwide association. "According to some of the Realtors I've spoken to over the last week, this could be indicative of a number of things. It is possible that some of the excess inventory has been sold off, that there are fewer foreclosures or that the higher priced homes are selling better. They've also mentioned that in many cases they are getting multiple offers on the same listing. All in all, this month's stats bode well for sellers."

Or who knows what?

Full report here.

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