Arkansas Real Estate | Deaton Group Realty

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Little Rock AR Real Estate

The Real Stuff: Arkansas First Quarter Home Sales Up 6%, Average Price Up 3%

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Arkansas First Quarter Home Sales Up 6%, Average Price Up 3%
March 2012 Prices Up 5% Over 2011

Yeah!  It’s looking better!  The number of homes sold in Arkansas in the first quarter rose by 6 percent over a year ago.  The average price of those homes sold rose by 3%. For the month of March the number of homes sold increased 1 percent and the average price for the month increased by 4 percent over March 2011.

Why?  Great interest rates, that have started to tick upwards.  Good inventory levels, affordability is great, and buyer confidence is improving. 

National median existing-home price – $163,800 in March, up 2.5 percent from March 2011.

In the South, existing-home sales slipped 1.1 percent in March but are 3.6 percent higher than a year ago. The median price in the South was $146,500, up 6.2 percent from March 2011.

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By: on May 3rd, 2012 Category: Uncategorized