Weaker December Curtails Home Sales In Arkansas In 2011
by January 26, 2012 10:33 am 83 views
A 6% drop in December home sales led to a final year tally just short of 2010.
The Arkansas Realtors Association said that December home sales dropped 6.2% with only 1,785 units being sold.
For the calendar year 2011, home sales were 0.64% below 2010 levels with 24,352 units sold. In 2010, 24,508 homes were sold.
Average home prices were down 1.2% for the year, averaging $142,518 per home.
“We would describe 2011 as a rebuilding year, as well as one full of tremendous achievements,” said Dana Powell, 2012 President of the Arkansas Realtors Association. “The market is showing signs of improvement, and more than ever, people aspire to become homeowners. Throughout the past year realtors have worked hard to make sure everyone who is willing and able to assume the responsibilities of owning a home should have the opportunity to pursue that dream.”
You can access the full report at this link. Last week, Talk Business provided a preview of the state housing report, which suggested home sales for 2011 would be near break-even compared to 2010.