Category Archives: housing report

Snowfall Aside, Arkansas Housing Market Holding Firm for Year

 
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Arkansas Housing Market Holding Firm for Year

The Arkansas REALTORS® Association reported today that Arkansas home sales saw a slight slowdown in February after seeing a 13 percent increase in the number of Arkansas homes sold in January 2011 as compared with the same period last year.  According to today’s report, Arkansas home sales saw an almost 6% decrease sold in February as compared with the same month last year while the average price of homes sold in the 42 county area covered by the report experienced an increase of more than 1.5 percent to $136,300.

The following is a link to the full report in Excel format http://dl.dropbox.com/u/12295076/February2011%20Housing_FINAL.xls

The National Association of Realtors® reported on March 21 that existing home sales in the South fell 10.2 percent and that the median home price in the South was $134,600.  The following is a link to the full news release from NAR: http://www.realtor.org/press_room/news_releases/2011/03/feb_decline

“As is typical for the first quarter of any year, Arkansas home sales are sluggish,” said Amy Glover Bryant, Director of Communications for the Association.  “However, for the year to date the report reflects increases, though small, in the areas of units sold, home values and average home prices.  We see this as an encouraging sign when you take in to consideration that during the same period last year the federal government was rolling out the first-time home buyer tax credit.  In short, we are holding our own.”

A number of Arkansas counties experienced strong gains in the number of homes sold in February 2011 including Faulkner, Arkansas and Boone which saw 42 percent, 80 percent and 31 percent increases in the number of homes sold, respectively.

Representatives of the Arkansas Realtors® Association will be available throughout today to discuss the Arkansas numbers.  To set up an interview,
please contact Amy Glover Bryant, Director of Communications at 501.225.2020 or at 501.786.9415.  

As always, please keep in mind that this is an approximation of the Arkansas housing market based on the information provided to the Association at the
time of the report’s distribution.  Data is provided by REALTORS® reporting through participating multiple listing services in Arkansas and while deemed
reliable is not guaranteed.

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Arkansas Housing Market Holding Firm for Year

The Arkansas REALTORS® Association reported today that Arkansas home sales saw a slight slowdown in February after seeing a 13 percent increase in the number of Arkansas homes sold in January 2011 as compared with the same period last year.  According to today’s report, Arkansas home sales saw an almost 6% decrease sold in February as compared with the same month last year while the average price of homes sold in the 42 county area covered by the report experienced an increase of more than 1.5 percent to $136,300.

The following is a link to the full report in Excel format http://dl.dropbox.com/u/12295076/February2011%20Housing_FINAL.xls

The National Association of Realtors® reported on March 21 that existing home sales in the South fell 10.2 percent and that the median home price in the South was $134,600.  The following is a link to the full news release from NAR: http://www.realtor.org/press_room/news_releases/2011/03/feb_decline

“As is typical for the first quarter of any year, Arkansas home sales are sluggish,” said Amy Glover Bryant, Director of Communications for the Association.  “However, for the year to date the report reflects increases, though small, in the areas of units sold, home values and average home prices.  We see this as an encouraging sign when you take in to consideration that during the same period last year the federal government was rolling out the first-time home buyer tax credit.  In short, we are holding our own.”

A number of Arkansas counties experienced strong gains in the number of homes sold in February 2011 including Faulkner, Arkansas and Boone which saw 42 percent, 80 percent and 31 percent increases in the number of homes sold, respectively.

Representatives of the Arkansas Realtors® Association will be available throughout today to discuss the Arkansas numbers.  To set up an interview,
please contact Amy Glover Bryant, Director of Communications at 501.225.2020 or at 501.786.9415.  

As always, please keep in mind that this is an approximation of the Arkansas housing market based on the information provided to the Association at the
time of the report’s distribution.  Data is provided by REALTORS® reporting through participating multiple listing services in Arkansas and while deemed
reliable is not guaranteed.

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Sneak Peek at February 2011 Housing Numbers

The Arkansas REALTORS Association will release complete statistics for 43 counties in Arkansas on Friday, April 1.  However, here is a sneak peek in to some of the Central Arkansas numbers for February 2011. 

New and Existing Residential Units Sold, February 2011      
       
       
County Units Feb ’11 Units Feb ’10 % Change
Clay  2 3 -33.33%
Cleburne  14 16 -12.50%
Conway  3 7 -57.14%
Faulkner  94 63 49.21%
Grant  10 5 100.00%
Greene  16 27 -40.74%
Hot Spring  4 5 -20.00%
Izard  3 2 50.00%
Jefferson  19 24 -20.83%
Lonoke  52 56 -7.14%
Perry  3 2 50.00%
Polk  9 10 -10.00%
Pulaski  215 263 -18.25%
Saline  74 93 -20.43%
Sharp  3 3 0.00%
Van Buren  6 9 -33.33%
White  40 45 -11.11%
Totals 567 633 -10.43%
       
       
Average Prices of Units Sold, February 2011      
County Feb ’11 Feb ’10 % Change
Clay  $192,500 $37,490 413.47%
Cleburne  $127,660 $188,237 -32.18%
Conway  $122,365 $101,771 20.24%
Faulkner  $139,030 $156,592 -11.22%
Grant  $126,580 $143,040 -11.51%
Greene  $102,687 $100,058 2.63%
Hot Spring  $60,975 $103,580 -41.13%
Izard  $30,666 $95,750 -67.97%
Jefferson  $101,031 $80,996 24.74%
Perry  $76,333 $75,000 1.78%
Polk  $107,822 $130,760 -17.54%
Pulaski  $169,489 $164,418 3.08%
Saline  $162,239 $153,957 5.38%
Sharp  $178,000 $46,125 285.91%
Van Buren  $88,750 $73,833 20.20%
White  $131,320 $125,826 4.37%
Average $136,146 $134,683 1.09%
DISCLAIMER: THIS INFORMATION IS DEEMED RELIABLE, BUT NOT GUARANTEED, AND                
IS PROVIDED EXCLUSIVELY FOR CONSUMER’S PERSONAL, NON-COMMERCIAL USE AND                
MAY NOT BE USED FOR ANY PURPOSE OTHER THAN TO IDENTIFY PROSPECTIVE                
PROPERTIES CONSUMERS MAY BE INTERESTED IN PURCHASING. UNDER NO                
CIRCUMSTANCES SHOULD THE INFORMATION CONTAINED HEREIN BE RELIED UPON BY                
ANY PERSON IN MAKING A PURCHASE FebISION, INCLUDING BUT NOT LIMITED TO,                
INFORMATION PRECEDED WITH THE WORD OR ABBREVIATION DENOTING APPROXIMATE.                
CIRCUMSTANCES SHOULD THE INFORMATION CONTAINED HEREIN BE RELIED UPON BY                
ANY PERSON IN MAKING A PURCHASE FebISION, INCLUDING BUT NOT LIMITED TO,                
INFORMATION PRECEDED WITH THE WORD OR ABBREVIATION DENOTING APPROXIMATE.                

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December Housing Report Suggests AR Market Returning to Normal Levels

December 2010 Housing Market Report

The Arkansas Realtors® Association released its December 2010 Housing Market Report today marking the end of tumultous year for the Arkansas housing market. 

“The report confirms what we’ve been saying all year – the end of the first time homebuyers tax credit created an exaggerated dip in the Arkansas housing market,” said Amy Glover Bryant, Director of Communications for the Association.  “We knew that once the tax credit ended their would be a slow down in sales activity; however, we believe this month’s report represents a return to what we would categorize as normal numbers.”

Today’s report shows that Arkansas home sales were down less than 5 percent from 2009.  For the month,  home sales are down less than 1 percent as compared with December 2009 sales.  The average price for a single-family home in Arkansas rose in 2010 by slightly less than 1 percent.   

Lawrence Yun, NAR chief economist, said sales nationally are on an uptrend. “December was a good finish to 2010, when sales fluctuate more than normal. The pattern over the past six months is clearly showing a recovery,” he said. “The December pace is near the volume we’re expecting for 2011, so the market is getting much closer to an adequate, sustainable level. The recovery will likely continue as job growth gains momentum and rising rents encourage more renters into ownership while exceptional affordability conditions remain.”

The following are links to the full Arkansas Realtors Association report for 42 counties in Arkansas (excel or PDF):

http://dl.dropbox.com/u/12295076/ARA_%20Housing_market_report_for_December_Media.xls
http://dl.dropbox.com/u/12295076/PDF%20of%20Dec%20Report.tif

 The following is a link to the full NAR release on December sales: http://www.realtor.org/press_room/news_releases/2011/01/sharp_rise

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Preview of Arkansas Housing Stats for December 2010

The Arkansas Realtors Association will release complete stats for 42 counties in Arkansas tomorrow.  However, here is a sneak peak in to some of the Central Arkansas numbers for December 2010.

County Units Sold Dec ’10 Units Sold Dec ’09 % Change Avg Price Dec ’10 Avg Price Dec ’09 % Change
Clay  3 5 400.00% $45,300 $90,200 -49.78%
Cleburne  31 16 93.75% $187,006 $164,228 13.87%
Conway  7 5 40.00% $84,700 $94,890 -10.74%
Faulkner  85 77 10.39% $154,251 $156,149 -1.22%
Grant  11 11 0.00% $119,547 $113,354 5.46%
Greene  30 22 36.36% $98,903 $84,602 16.90%
Hot Spring  8 10 -20.00% $73,562 $72,190 1.90%
Izard  4 3 33.33% $62,000 $119,666 -48.19%
Jefferson  32 36 -11.11% $95,432 $103,573 -7.86%
Lonoke  60 86 -30.23% $136,257 $140,989 -3.36%
Perry  3 7 -57.14% $101,333 $160,500 -36.86%
Polk  10 17 -41.18% $87,700 $112,411 -21.98%
Pulaski  290 291 -0.34% $168,931 $169,802 -0.51%
Saline  122 123 -0.81% $160,576 $156,214 2.79%
Sharp  2 1 100.00% $33,500 $41,000 -18.29%
Van Buren  4 10 -60.00% $106,500 $85,240 24.94%
White  51 50 2.00% $137,268 $150,337 -8.69%
Totals 753 770 -2.21% 150,385 150,248 0.09%

 

DISCLAIMER: THIS INFORMATION IS DEEMED RELIABLE, BUT NOT GUARANTEED, AND          
IS PROVIDED EXCLUSIVELY FOR CONSUMER’S PERSONAL, NON-COMMERCIAL USE AND          
MAY NOT BE USED FOR ANY PURPOSE OTHER THAN TO IDENTIFY PROSPECTIVE          
PROPERTIES CONSUMERS MAY BE INTERESTED IN PURCHASING. UNDER NO          
CIRCUMSTANCES SHOULD THE INFORMATION CONTAINED HEREIN BE RELIED UPON BY          
ANY PERSON IN MAKING A PURCHASE DECISION, INCLUDING BUT NOT LIMITED TO,          
INFORMATION PRECEDED WITH THE WORD OR ABBREVIATION DENOTING APPROXIMATE.          
CIRCUMSTANCES SHOULD THE INFORMATION CONTAINED HEREIN BE RELIED UPON BY          
ANY PERSON IN MAKING A PURCHASE DECISION, INCLUDING BUT NOT LIMITED TO,          
INFORMATION PRECEDED WITH THE WORD OR ABBREVIATION DENOTING APPROXIMATE.          
           
Copyright 2011 Arkansas Realtors® Association.          

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October 2010 Housing Market Report

The Arkansas Realtors® Association reports that Arkansas home sales are down 3% for the year through October as compared to sales for the same period in 2009. The average price for a single-family home in Arkansas rose almost 5% in October to $144,674 from $137,819 in October 2009. However, for the month home sales are down almost 27% as compared with October 2009 home sales. This matches up with reports from the National Association of Realtors® that home sales in the South are 24.0 percent below the year-ago surge. NAR also reports that the median price in the South was $148,700, down 0.7 percent from October 2009.

The following is a link to the full Arkansas Realtors Association report for 42 counties in Arkansas:
http://dl.dropbox.com/u/12295076/ARA_%20Housing_market_report_for_October_FINALwithWashingtonCountyChange.xls

Lawrence Yun, NAR chief economist, said the recent sales pattern can be expected to continue. “The housing market is experiencing an uneven recovery, and a temporary foreclosure stoppage in some states is likely to have held back a number of completed sales. Still, sales activity is clearly off the bottom and is attempting to settle into normal sustainable levels,” he said. “Based on current and improving job market conditions, and from attractive affordability conditions, sales should steadily improve to healthier levels of above 5 million by spring of next year.”

The following is a link to the full NAR release on October sales: http://www.realtor.org/press_room/news_releases/2010/11/october_retreat

As always, please keep in mind that this is an approximation of the Arkansas housing market based on the information provided to the Association at the time of the report’s distribution. Data is provided by Realtors® reporting through participating multiple listing services in Arkansas and while deemed reliable is not guaranteed.

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Arkansas Home Sales Remain Flat for Year to Date

The following is a link to the September 2010 Housing Market Report from the Arkansas Realtors® Association.

http://dl.dropbox.com/u/12295076/SeptemberHousingMarketReport_FINAL.xls

The Arkansas Realtors® Association reports that Arkansas home sales in September 2010 remained 21 percent below the state’s September 2009 pace when home-buyers were ramping up in advance of the initial deadline for the tax credit last November. The average price for a single-family home in Arkansas rose almost 4% in September to $145,670 from $140,543 in September 2009. For the year, Arkansas continues to remain relatively flat in terms of number of units sold, home valuations and average prices through the end of September. The National Association of Realtors® reported earlier this week that home sales in the South were 14.9 percent lower than September 2009 and that the median price in the South was $149,500, down 2.6 percent from a year ago.

The ARA attributes the 4 percent increase in average home prices in part to Arkansas’s strong economy. The Brookings Institution’s MetroMonitor, a quarterly, interactive barometer of the health of America’s 100 largest metropolitan economies, recently ranked the Little Rock region the nation’s fourth strongest. The Brookings Institution ranked the 100 largest metros by averaging the ranks for four key indicators: employment change, unemployment change, gross metropolitan product, and home price change.

The full MetroMonitor report can be found at http://www.brookings.edu/~/media/Files/Programs/Metro/metro_monitor/2010_09_metro_monitor/0915_metro_monitor.pdf

In commenting on the national home sales numbers for September, NAR Chief Economist Lawrence Yun said the housing market is in the early stages of a recovery stating that the housing market’s recovery “will be choppy at times” but that the overall direction of the housing market “should be a gradual rising trend in home slaes with buyers responding to historically low mortgage interest rates and very favorable affordablity conditions.”

“Mortgage rates are at record lows making it a great time to buy a new home,” said Andy Meyers of Meyers Realty in Hot Springs and President-elect of the Arkansas Realtors® Association. “A 30-year, conventional, fixed-rate mortgage fell to 4.35 percent in September from 4.43 percent in August. For people who are ready to buy, today’s housing affordability is really helping them invest in their future through homeownership. In Arkansas, as in the rest of the country, it truly is a buyer’s market. Prices are low and there are plenty of fantastic homes from which to choose.”

The following are links to graphics developed by the Arkansas Geographic Information Office of September’s data:

http://dl.dropbox.com/u/12295076/Units%20Sold%202010%20YTD.bmp

http://dl.dropbox.com/u/12295076/Value%20of%20Units%20Sold%202010%20YTD.bmp

http://dl.dropbox.com/u/12295076/Avg%20Price%20Units%20Sold%20Sept.bmp

As always, please keep in mind that this is an approximation of the Arkansas housing market based on the information provided to the Association at the time of the report’s distribution. Data is provided by Realtors® reporting through participating multiple listing services in Arkansas and while deemed reliable is not guaranteed.

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