Arkansas Home Sales Rise 10% In September
by October 27, 2011 7:00 pm 47 views
Home sales in Arkansas rose 10% in September compared to one year ago, according to the latest statewide housing report from the Arkansas Realtors Association.
Statewide home prices increased slightly by 0.7% to an average of $146,694.
There was strength in central and northwest Arkansas as four of the top five counties for sales were in those regions of the state. Pulaski County led the state in volume, highlighted by a 19% increase.
Benton and Washington counties reported 16.8% and 8.9% gains in a year-over-year comparison. Units sold in Saline and Faulkner counties were up 34.4% and 25.6% respectively compared to last September.
"As the Arkansas Realtors Association has been predicting, Arkansas home sales continue to be quite strong," said Amy Glover Bryant, Director of Communications for the ARA.
"Affordability and strong mortgage rates are certainly helping to drive this year’s improved numbers. We do expect a slow down as we move in to the fall and in to the holiday season when sales are traditionally slower," she noted.
Year-to-date home sales in Arkansas are still about 8% lower than the first 9 months of 2010.
You can read the full report, including county-by-county breakdowns, at this link.