Arkansas homes sales improve again in April
The City Wire in Fort Smith, on Thursday, posted The Arkansas Home Sales Report for April 2013. That report covers four major markets in Arkansas and found that sales were up a cumulative 11.06 percent through April in central Arkansas, the Fort Smith area, the Jonesboro area and northwest Arkansas.
Of those four areas, sales were on the rise everywhere but the Fort Smith area. City Wire Economist Jeff Collins said, on the whole, the rising sales continue a trend that took hold last year — markets are generally on the mend. Collins said he is encouraged by two things — both average sales prices have risen homes are, on average, selling quicker than they did last year and in 2011. When both of those pieces of the puzzle are in place, Collins said it is a good indication that the economies in those areas are improving.
We’re not talking about an improvement in just April, either. Sales prices have increased and days on market averages have declined for the four months of 2013 — a good sign the economy is improving.
Fort Smith, however, bucked the trend with drops in average sales prices and increases in the amount of time homes are on the market. Click here to look at The Arkansas Homes Sales Report for April and see commentary from Collins and area Realtors. First Arkansas News owner/editor Ethan C. Nobles was responsible for interviewing Collins, collecting numbers from central Arkansas and Jonesboro, interviewing Realtors in those areas and compiling the overall report as well as pulling together the historical data showing market trends from 2005 through 2013.
Benton resident. Rogue journalist. Recovering attorney. Email = Ethan@FirstArkansasNews.net.