2011 Sales, Prices Down One Percent Over 2010
LITTLE ROCK (January 26, 2012) – The Arkansas REALTORS® Association, the
voice of real estate in Arkansas, announced that existing-home prices rose
for the fourth month in December. Average prices of homes in the 42
county area monitored by the Association increased more than 2 percent from
$144,842 in December 2010 to $147,842 in 2011.
The number of units sold in December decreased 6 percent from 1,903 in
December 2010 to 1,785 for the same month in 2011.
For the year, the number of home sold as compared to 2010 decreased less
than 1 percent while average prices decreased slightly more than 1 percent.
“We find these to be very encouraging numbers and early signs of a possible
recovery in the housing market,” said Amy Glover Bryant, Director of
Communications for the Association. “What is important to sustain this
recovery are continuing low mortgage interest rates, job creation and a
renaissance in American’s belief that the American Dream of home ownership
is still possible for them. More buyers coming into the market mean
additional benefits for the overall economy in Arkansas. A typical home
sale pumps a total of $60,000 into the economy over time because when a
house sells, jobs are created. The importance of the housing market in
relation to our state’s well-being couldn’t be more evident than it is right
“We would describe 2011 as a rebuilding year, as well as one full of
tremendous achievements,” said Dana Powell, 2012 President of the Arkansas
Realtors®Association. “The market is showing signs of improvement, and more
than ever, people aspire to become homeowners. Throughout the past year
Realtors® have worked hard to make sure everyone who is willing and able to
assume the responsibilities of owning a home should have the opportunity to
pursue that dream.”
Excel and pdf versions of the December report can be found on the Arkansas
REALTORS® Association website at
For information on national numbers from the National Association of
REALTORS®, please visit
For more information, contact Glover Bryant at the Association at
501.225.2020 or on her wireless at 501.786.9415.