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Arkansas home sales solid in May

By: 27 June 2012 6 Comments

While April was a down month for Arkansas housing markets, May was strong and falls in line with Economist Michael Pakko’s prediction that residential real estate sales will pick up this year.

While residential homes sales in the largest four markets in Arkansas through May were up over last numbers, they still lagged behind market activity in 2010.

Earlier in the year, Pakko predicted markets will improve this year. It is worth mentioning, however, that 2011 was the worst year for sales since 2005 (and there are no statewide housing market reports that go back farther than that). That being the case, Pakko said the gains this year compared to 2011 don’t look as significant as they would otherwise. Still, he said an increase in sales is a very good sign.

To see the complete report posted by The City Wire, just click here.

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

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