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[26 Jul 2013 | 2 Comments | 5,763 views]
Arkansas metro home sales up in June

The City Wire in Fort Smith has posted its June Arkansas Homes Sales Report for four metro areas in Arkansas and sales numbers continued to climb during that month.
The report covers the four largest metros in Arkansas — central Arkansas, the Fort Smith area, the Jonesboro area and northwest Arkansas. Except for the Fort Smith area, all metros reported gains in sales for June. Furthermore, sales for the six months of 2013 were up 9.57 percent compared to the first half of 2012. Average sales prices in those areas stood …

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[26 Jun 2013 | One Comment | 2,562 views]
Arkansas home sales up through May

Housing markets in Arkansas continued to improve in May according to the latest version of the Arkansas Home Sales Report from The City Wire in Fort Smith.
The monthly Arkansas Home Sales Report covers the four largest areas of the state — central Arkansas, Fort Smith, Jonesboro and northwest Arkansas. In those areas, sales were up more than 10 percent through May and average sales prices were up 15 percent for the first five months of the year. The only one of those areas to show declines in sales through May …

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[30 May 2013 | One Comment | 2,066 views]
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 …

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[23 Apr 2013 | No Comment | 1,932 views]
Benton County leads state in March home sales

Economist Jeff Collins said in January that home sales started to improve last year and he said he’d seen no evidence to suggest we won’t see that trend continue in 2013.
In the Arkansas Home Sales Report for March, which is available from The City Wire in Fort Smith, Collins said the upward trend continues but said sales are still being impacted by high unemployment rates. Still, he said low interest rates and slowly climbing prices are motivating some buyers to jump into the market — interest rates are hovering around historic …

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[24 Jul 2012 | No Comment | 4,992 views]
Arkansas large market home sales down in June, up for year

Home sales slipped slightly in June in the 14 counties in which most sales in Arkansas take place.
Those 14 counties are located in central Arkansas, the Jonesboro area, the Fort Smith area and northwest Arkansas. Transactions in those areas make up 70 to 75 percent of all home sales in Arkansas every month.
In June, there were 1,772 homes sold during June in the major market areas measured by the The City Wire’s Arkansas Home Sales Report, down 3.22% compared to June 2011, and down 3.54% compared to June 2010. During …

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[22 May 2012 | One Comment | 2,679 views]
Arkansas’ large-market home sales fall in April

Homes sales in large markets in Arkansas fell in April to the lowest point they’ve been in that month in at least the past seven years.
Monthly homes sales data wasn’t tracked in Arkansas before 2005. April 2012 sales in central Arkansas, the Fort Smith area, the Jonesboro area and northwest Arkansas were lower than any previous April since 2005.
Michael Pakko, chief economist for the University of Arkansas at Little Rock Institute for Economic Advancement and state economic forecaster, said he was surprised by the April numbers but said monthly totals …

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[22 Feb 2012 | One Comment | 2,366 views]
Large-market home sales down in January

The City Wire in Fort Smith has released its inaugural Arkansas Homes Sales Report today, showing that real estate markets were down in the four largest areas of the state in January.
The report covers 14 counties in Arkansas, but those are the most populous ones and around 70 to 75 percent of home sales take place in those counties.The report will be released monthly by The City Wire and will contain in-depth commentary from economists and Arkansas Realtors dealing with markets on a day-to-day basis.
Market data for central Arkansas and …

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[19 Jan 2012 | One Comment | 3,406 views]
Central Arkansas housing market down in December, year

In spite of five straight months of improving market conditions, homes sales in central Arkansas were down in December and for the year.
For the purposes of this report, central Arkansas includes five counties squarely in the Little Rock-North Little Rock-Conway Metropolitan Statistical Area — Faulkner, Grant, Lonoke, Pulaski and Saline — as well as Jefferson and White counties which are not properly within that MSA. In those seven counties, there were 633 single-family, residential units sold in December — down 2.76 percent from 651 closed transactions in December 2010 and …

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[4 Dec 2011 | No Comment | 2,971 views]
Do sellers have an advantage in a buyers’ market?

For the past few years, we’ve heard about how declining housing markets have hurt sellers due to dropping average prices.
There some merit to that point of view – no one likes the idea of a home losing value. However, there are some advantages to sellers even in the buyer’s market that has been in place over the past few years.
Before getting into those advantages, let’s take a look at a few statistics that reveal recent trends in Arkansas. In October, the average price of a home sold in central Arkansas …

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[26 Sep 2011 | No Comment | 2,160 views]
Sales up, prices down again in central Arkansas

It’s not exactly a trend yet, but the expanded August housing market report for central Arkansas shows that prices were up and sales were down for the second straight month.
Before getting into that, it’s important to point out that we’ve expanded the central Arkansas housing market reports we post monthly at First Arkansas News by adding a couple of counties — Jefferson and White.
Those two counties aren’t in the proper Little Rock-North Little Rock-Conway Metropolitan Statistical Area (MSA), but they are close enough to the region to be relevant to …