LITTLE ROCK (July 26, 2011) –
The Arkansas REALTORS® Association
announced today that sales of home in Arkansas increased 31% in the second quarter of 2011 and the average price of homes in Arkansas grew by 6% to $141,613.”Our data shows that Arkansas REALTORS®
sold a total of 4,558 units during the first three months of the year. In April, May and June, REALTORS®
sold a total of 6,607 units,” said Amy Glover Bryant, Director of Communications for the statewide Association. “Our data also shows that June home sales were 9 percent higher than May and that home prices increased by 7 percent during the two months. I feel confident that this upward trend will continue and we will see a sizable jump in July’s housing numbers.” An excel version of the report is here.A PDF version of the June report is at https://arkansasrealtors.com/wp-content/uploads/2011/07/June-Housing.pdf
. An Excel version is at https://arkansasrealtors.com/wp-content/uploads/2011/07/June-Housing-Report.xls
Today’s report shows the number of homes sold in the 42 county area covered by the report in June was down 4 percent compared to the same month last year and that average home prices for the month were down 1.5 percent.
Nationally, home sales are down 8 percent for the monthly comparison while housing prices were up .8 percent nationally suggesting in Bryant’s opinion that Arkansas is doing slightly better than the nation as a whole for the month of June.
In the South, existing-home sales are 5.6 percent below June 2010 meaning Arkansas is doing slightly better than the region as a whole. Housing prices in the South were down 0.1 percent from a year ago suggesting that Arkansas is on par with the rest of the South.
For more information on National numbers visit http://www.realtor.org/press_room/news_releases/2011/07/existing_slip
For more information, contact the Association at 501.225.2020.