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 have remained the same over the last few months. Improved financing terms in the Jumbo loans would greatly help this market

 

October            
MLS Solds Avg. Solds  Active Abs. Rate Aver Days  
Area 6 Mos. Per Mo Listings in Mos. on Market  
             
LR Area 7 380 63.33 236 3.7 56  
Maumelle 242 40.33 154 3.8 57  
LR Area 5 221 36.83 178 4.8 72  
LRArea 3 161 26.83 129 4.8 72  
Sherwood 251 41.83 218 5.2 78  
Area 11 NLR 144 24.00 145 6.0 91  
Area 10 NLR 106 17.67 111 6.3 94  
Otter Creek 65 10.83 73 6.7 101  
LR Area 17 142 23.67 227 9.6 144  
All Areas 1712 285 1471 5.2 77  
Last Month 1681 280 1522 5.4 81  
             
Cabot 541 90.17 405 4.5 67  
Jacksonville 147 24.50 198 8.1 121  
All w/C&J 2400 400.00 2074 5.2 78  
             
Chenal only 84 14.00 120 8.6 129  
             
             
Price Range            
100-200 757 126.17 479 3.8 57  
201-300 376 62.67 280 4.5 67  
301-400 145 24.17 160 6.6 99  
401-500 54 9.00 73 8.1 122  
501-999 53 8.83 127 14.4 216  
1000000+ 4 0.67 52 78.0 1170  
             
               
 
 

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Rusty Armstrong (ERA Henley Real Estate)

Rusty Armstrong

Little Rock, AR

More about me…

ERA Henley Real Estate

Address: 1100 N University Ave, 137, Little Rock, AR, 72207

Office Phone: (501) 221-3485 x 901

Cell Phone: (501) 831-0004

Email Me

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.


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