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Home sales up nearly 9 percent in November with Pulaski County Leading

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Home sales up nearly 9 percent in November

Home sales rose for the fifth straight month in November, up 8.92 percent compared to the same month a year ago, the Arkansas Realtors Association reported today.  In November, 1,759 homes sold in the state compared to 1,615 homes sold in November 2010, the association said in its monthly report.

The average price of a home was $150,781, up 3.11 percent from $146,233 a year ago.

“These numbers are an outstanding sign that home buyers in Arkansas are growing in confidence and are taking advantage of the buyer’s market that continues to exist,” association spokeswoman Amy Glover Bryant said, adding that there appears to be renewed faith that the economy is on an upswing.

Pulaski County led the state with 283 homes sold during the month, followed by Benton County with 248, Washington County with 147 and Saline and Craighead counties with 101 each.

Eighty-nine homes sold in Sebastian County in November and 22 sold in Jefferson County.

The average price of homes sold was highest in Garland County at $219,406, followed by Pulaski County at $187,648, Cleburne County at $184,832, Washington County at $171,463 and Benton County at $167,638.

The average price of homes sold in Sebastian County was $155,392 and $110,411 in Jefferson County.

The number of homes sold in the state the first 11 months of the year was 22,267, down 0.38 percent from 22,353 in the first 11 months of 2010. Arkansas News Bureau

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By: on January 6th, 2012 Category: Uncategorized