Arkansas Home Sales Fall 5.8% In February
by March 31, 2011 7:00 pm 52 views
Home sales in Arkansas fell 5.8% in February as Pulaski County home sales tumbled 18.3%.
The valuations of those home sales were down 4.3% during the month compared to one year ago.
Average home prices rose by 1.6% to $136,399, according to this report from the Arkansas Realtors Association.
The top 5 counties for home sales were:
Pulaski -18.25%
Benton -4.28%
Washington -1.75%
Craighead +17.86%
Faulkner +49.21%
Real estate analysts blamed February’s poor performance on a combination of snowy winter weather in Arkansas and the comparison to last year’s figures which included federal tax incentives for first-time homebuyers.
Year-to-date, home sales in Arkansas are up slightly less than one percent statewide. Average home prices are 0.6% higher at $138,657.