Housing market details show stable trends

The days-on-market of an average-price home sold in during the first quarter of 2009 in Crawford County and Sebastian County was 132 days and 118 days, respectively. Both figures represent a slight increase compared to the first quarter of 2008.

In comparing Crawford and Sebastian counties, the only difference in first-quarter trends is that the average square-foot price of a home in Crawford County is down. Although combined first quarter 2009 home sales in Crawford and Sebastian Counties are down 21.9%, the market trends (prices, days-on-market, etc.) in both area are relatively stable.

Following is a list of details — supplied by the Arkansas Realtors Association — on first quarter 2009 home sales activity in the two counties.

Crawford County
Highest price for a home sold, Jan.-Mar. 2009: $319,500
Highest price for a home sold, Jan.-Mar. 2008: $700,000

Average days on market for all homes sold, Jan.-Mar. 2009: 132
Average days on market for all homes sold, Jan.-Mar. 2008: 125

Average square-foot price of all homes sold, Jan.-Mar. 2009: $69.47
Average square-foot price of all homes sold, Jan.-Mar. 2008: $74.72

Average size in square feet of all homes sold, Jan.-Mar. 2009: 1,685
Average size in square feet of all homes sold, Jan.-Mar. 2008: 1,590

Sebastian County
Highest price for a home sold, Jan.-Mar. 2009: $450,000
Highest price for a home sold, Jan.-Mar. 2008: $925,700

Average days on market for all homes sold, Jan.-Mar. 2009: 118
Average days on market for all homes sold, Jan.-Mar. 2008: 113

Average square-foot price of all homes sold, Jan.-Mar. 2009: $68.66
Average square-foot price of all homes sold, Jan.-Mar. 2008: $68

Average size in square feet of all homes sold, Jan.-Mar. 2009: 1,725
Average size in square feet of all homes sold, Jan.-Mar. 2008: 1,739