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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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[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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[27 Jun 2012 | 8 Comments | 17,924 views]
Arkansas home sales solid in May

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 …

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[23 Apr 2012 | No Comment | 2,011 views]
Arkansas homes sales up in first quarter

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 …

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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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[17 Jan 2012 | One Comment | 4,565 views]
Housing markets in northwest Arkansas, Jonesboro up in 2011

The numbers are in and show that real estate markets improved last year in both northwest Arkansas and the Jonesboro area. In a nutshell, both average sales prices and the number of units sold improved in the Jonesboro area while more homes were sold in 2011 than in 2010 in northwest Arkansas, but the sales price dropped.
We’ll take a look at northwest Arkansas first. For the purposes of this report, northwest Arkansas is defined as Benton, Carroll, Madison and Washington counties which make up the extreme northwestern corner of the …

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[7 Jan 2012 | One Comment | 1,637 views]
Looking back on 2011

In hindsight, it’s clear that 2011 was decidedly mixed in terms of housing markets around the nation.
Freddie Mac – the government sponsored lending giant – projected that lenders would write $1.8 trillion in home loans last year. The group revised that estimate downward to $1 trillion partway through the year and lenders ultimately wrote $1.3 trillion in home loans in 2011.
That’s down 23.53 percent from $1.7 trillion in 2010 and down 60.61 percent from $3.3 trillion when housing markets peaked in 2005. Furthermore, the better-than-expected results had a lot to …

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[21 Dec 2011 | One Comment | 2,084 views]
Central Arkansas homes sales up in November

After four months of increased sales compared to year-ago totals, sales followed yearly trends in central Arkansas in November and were higher compared to the same month in 2010.
Before getting into that, it’s necessary to mention a couple of things about our data used to compile monthly housing market reports and the accuracy of it. Such a conversation is necessary in light of reports from the likes of the Wall Street Journal that the National Association of Realtors (NAR) has — knowingly or unknowingly — inflated national homes sales reports …

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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 Nov 2011 | 2 Comments | 2,812 views]
Central Arkansas homes sales up in October

For the fourth month in a row, homes sales increased in the expanded central Arkansas area.
For the purposes of this report, the central Arkansas market includes Faulkner, Grant, Lonoke, Pulaski and Saline counties (which are located in the Little Rock-North Little Rock-Conway Metropolitan Statistical Area) and the nearby Jefferson and White counties. Why add in a couple of neighboring counties? Simply put, the markets in Jefferson and White counties are closely connected to those in the traditionally defined MSA. In the expanded market, sales were finalized on 655 single-family residences …