market conditions: Little Rock Arkansas Home Sale Trends Mixed in May and June
- 07/09/10 06:06 AM
After just under a 14% increase in sold homes in May, June's only showed a 3.1% increase. Obviously a result of a slowing of closings after the Tax Credit ending of contract time at the end of May. The number of listings on the market also increase in both months but instead of slowing, the number of listing increase. May had a 3.1 % increase and June had a 7.5% increase in properties on the market. These figures lead to a decrease of days on the market in May to 93 average days on market, but lost half that with an … (0 comments)
market conditions: Market Conditions Improve in April Home Numbers
- 05/11/10 04:49 AM
April was a good month for home sale numbers and market trends in the Little Rock area. The number of homes that sold was up 3.3% over March six month trends and the number of listings on the market remain all most unchanged. Average Days on Market trended down by almost 3% to 102 days for all areas with over half of the market areas being at or under 90 days on market. This is a very positive move since the average days on market has been going up for the last few months. A lot of things probably contributed to … (0 comments)
market conditions: Homes Sales in Little Rock Arkansas Area Continue On Slower Trend
- 04/06/10 01:05 AM
The number of single family homes that sold over the previous six months continued to go down from a high at the end of November 2009. The number of homes of the market for sale had also been going down but this number was gone up by 4.12% at the end of March. The Absorption Rate (number of months need to sale all the homes on the market and present sales rate) went up from six months at the end of last month to seven months at the end of March. The 2009 First Time Buyer Tax Credit that ended … (0 comments)
market conditions: Little Rock Sales Trends Continues To Be Positive
- 11/11/09 01:36 AM
The absorption rate and average days on the market improved in all areas except west Pulaski County and Chenal, along with Otter Creek. Of the eleven areas that are look at all but three are at or under a 6 month absorption rate and at or under 90 days average on the market.Little Rock west of I-430 and Maumelle were the best markets with under a 60 day average market time. Looking a the market by price range continues to show homes priced under $400,000 to improve and the market for homes above $500,000 to be getting slower. Both these trends … (0 comments)
market conditions: Arkansas REALTOR Association Reports on Home Sale Market as of Sept. 14
- 09/16/09 03:57 AM
The Arkansas REALTORS Association report of September 14th shows that the average list price on homes continues to slide slightly and the number of homes listed has increased over last month but are still below the highs reached this year. Here in Central Arkansas the list price number has remained level for a few months and so has the listing inventory. In their post about this report the REALTORS point out the importance the First Time Buyer Tax Credit has had on these numbers and the market. The most active price range has been around $150,000 and below, which is the … (0 comments)
market conditions: Some Little Rock Homes Selling Fast
- 06/24/09 05:50 AM
Yes, many homes are selling fast when they hit the market here in Little Rock, but a lot of homes are taking much longer to sell. This gap between those that are selling fast and the slow sellers has expanded in this market. The residential market has become a competition of price and condition that you either win fast or lose. The homes that are priced fairly and in good condition are selling in under 30 days most of the time. The homes that are overpriced for this market either because of the condition or a seller that will not meet … (0 comments)
market conditions: What Price Range Homes Are Selling Best In Little Rock Arkansas Area
- 06/12/09 08:49 AM
In these reports we have been looking at the Absorption rate on home sales by area. Today I looked at how sales were doing by price range. The most active price range is below $300,000. First Time Buyer Tax Credit, FHA and VA loan limits contribute to making these price ranges sell well. Within these price homes the most activity in in the $100,000 to $200,000 price range. This price range only has just under a 6 month supply and an average days on market of under ninety days. In prices over $300,000 there is over a year supply of homes … (0 comments)
market conditions: Average Days on Market Continues to Improve in Little Rock Area in March
- 05/08/09 07:47 AM
Homes continue to take less time to sale in the most active areas of Little Rock. At the end of February the sales rate to sale all homes on the market was 8.5 months and an average market time of 126 days. At the end of April these numbers have gone down to 7.7 months and a average market time of 115 days. The areas that continue to be the best markets are Little Rock from University to Mississippi, Maumelle, North Little Rock west of John F Kennedy Boulevard, and Sherwood. These area have an average days on the market of … (0 comments)
market conditions: Homes Sales Increase in Little Rock
- 04/06/09 08:55 AM
The number of homes selling per month in the Little Rock area increase from the end of February to the end of March in most areas, but the number of listings on the market also increased. So for sellers it remains a very competitive market.
The areas with the most expensive properties tend to have the longest average days on market. Chenal and the western part of Pulaski County have the longest absorption rate with average days of market of 296 days. The areas with the lowest market times are Little Rock from University to I-430, Sherwood and Maumelle all … (0 comments)
market conditions: Big On Little Rock Investment
- 05/20/08 06:58 AM
Finally, we get a good news report on Little Rock area growth and the real estate market. I was pleased to be a part of KTHV Channel 11's positive news story last night on the growth of investments in Little Rock. It pointed out how much development is going on and that the growth seem to be continuing in a steady manor. The story was titled Little Rock Big On Investments was run on the 10 o'clock news and is on there web site. It can also be seen at www.todaysthv.com and on their web cast. Positive news like this tell the real story … (0 comments)
market conditions: Arkansas and 32 Other States Homes Prices Increased
- 11/20/07 05:37 AM
I saw a report in Inman News that First American Loan Proformance released it's Home Price Profromance Index for the 12 months since September 2006. The index shows that Arkansas along with 32 others states had markets where home values were still increasing. There were only 17 states that had home values that decreased. So in about 2/3's of the US markets are good enough for values to increase. Why in most media reports does it sound like the whole country is in a bad market. Hopefully these reports will be on the front pages of papers and on the nightly … (1 comments)
Little Rock and Central Arkansas real estate sales information on market conditions, homes for sale, and marketing ideas by Rusty Armstrong of ERA Armstrong Team, REALTORS.
After just under a 14% increase in sold homes in May, June's only showed a 3.1% increase. Obviously a result of a slowing of closings after the Tax Credit ending of contract time at the end of May. The number of listings on the market also increase in both months but instead of slowing, the number of listing increase. May had a 3.1 % increase and June had a 7.5% increase in properties on the market. These figures lead to a decrease of days on the market in May to 93 average days on market, but lost half that with an … (0 comments)
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