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Arkansas homes sales up in first quarter

By: 23 April 2012 No Comment

Homes sales in the major markets in Arkansas were up in the first quarter compared to the first three months of 2011.

For the purposes of this report, the major markets are located in the 14 counties of central Arkansas, the Fort Smith area, the Jonesboro area and northwest Arkansas. About 70 to 75 percent of the homes sold in Arkansas are in those combined four areas.

Through March, sales closed on 3,675 homes in those areas — up from 3,521 in the first quarter last year. The first quarter sales are also ahead of those in 2010 and 2009, but 11 percent down from sales in 2008. The first quarter, then, falls right in line with a projection by State Economic Forecaster Michael Pakko, who predicted that real estate markets in Arkansas will improve this year compared to 2011. He pointed out, however, that 2011 is one of the worst years on record for real estate sales.

The full report appears at The City Wire in Fort Smith. Click here to see it.

About: Ethan C. Nobles:
Benton resident. Rogue journalist. Recovering attorney. Email = Ethan@FirstArkansasNews.net.

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