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Monthly Home Sales Trends Remain Positive in May for Little Rock Arkansas Area
This monthly report has been tracking the home sales trends in the most active areas of Little Rock, North Little Rock and Maumelle. Each month it looks at the number of sold properties in the past 6 months and using that sales rate to see how many months it would take to sale all the listed homes at this sales rate. Using these figures it show a more accurate average days of market for home sales. Over the last few months the trends have shown a wide range of sales rates in our market, but trends have been slightly positive to unchanged. The May report shows very positive trends in both number of sold homes incresing and a decrease in the number of homes on the market in all areas the in the report. The area with the lowest absorption rate and average days on the market continues to be the area of Little Rock from University Avenue to Mississippi that is north of I-430. This area has only a 4.5 month supply of homes on the market which makes an average days on the market of 67 days. Maumelle, western part of North Little Rock, and Sherwood are all under ... more

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