Average days-on-market of area homes stays steady in 2008
by December 31, 2008 10:31 am 98 views
The days on market of the average price home sold in Crawford and Sebastian counties during the first 11 months of 2008 remained steady despite a significant decline in the number of homes sold in the area.
Regional real estate sales for the first 11 months of the year show a 12% decline in the number of homes sold in Sebastian County and a 19.8% decline in Crawford County, according to a report released Dec. 30 by the Arkansas Realtors Association. (The City Wire previously posted this broad report on area home sales.)
The average-priced homes in Crawford County were on the market 120 days between January-November 2008, one day fewer than the same period in 2007.
The average-priced homes in Sebastian County were on the market 115 days between January-November 2008, five more days than the same period in 2007.
The following is price and other information — supplied by the Arkansas Realtors Association — for home sales activity in the two counties.
Crawford County (January-November)
Highest price for a home sold, 2008: $700,000 (6,227 square feet)
Highest price for a home sold, 2007: $550,000 (4,730 square feet)
Average days on market for all homes sold, 2008: 120
Average days on market for all homes sold, 2007: 121
Average square-foot price of all homes sold, 2008: $73.38
Average square-foot price of all homes sold, 2007: $72.71
Average size in square feet of all homes sold, 2008: 1,663
Average size in square feet of all homes sold, 2007: 1,662
Sebastian County (January-November)
Highest price for a home sold, 2008: $2.3 million (15,500 square feet)
Highest price for a home sold, 2007: $5.6 million (11,399 square feet)
Average days on market for all homes sold, 2008: 115
Average days on market for all homes sold, 2007: 110
Average square-foot price of all homes sold, 2008: $69.20
Average square-foot price of all homes sold, 2007: $71.01
Average size in square feet of all homes sold, 2008: 1,780
Average size in square feet of all homes sold, 2007: 1,768