Arkansas home sales up, prices down | Arkansas Blog

Arkansas home sales up, prices down

by

2 comments

The Arkansas Realtors Association said September home sales were up 10 percent over the same month a year ago, but the average price declined 1 percent. For the quarter, sales were up 16 percent, but prices down 4 percent.

More details at their website.

NEWS RELEASE

The Arkansas REALTORS® Association, the voice of real estate in Arkansas, announced that September home sales were 10.28 percent higher than September 2010 while the average price of a home in Arkansas increased by less than 1 percent. For the quarter (July - September), home sales increased 16 percent with the average price of a home in Arkansas decreasing almost 4 percent.

"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 Association. "In the third quarter, Arkansas REALTORS® sold a total of 6,671 homes versus 5,719 in the third quarter of 2010. Average prices during that time period were $143,944 compared to the third quarter of 2010 when the average price of a home in Arkansas was $149,430. 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," said Glover Bryant.


Sign up for the Daily Update email

Comments (2)

Showing 1-2 of 2

Add a comment
 

Add a comment