Little Rock Homes Sales Continue Trends

July home sale market numbers for Little Rock continued on the same course as June trends. Closings for July were up by 6.25% but properties for sale in creased by 2.14%. June saw increase in both numbers but July was a much bigger increase in closings and much smaller increase in the number of properties for sale. Both very positive for the market.  The supply of homes on market remains just over a six month supply which has remained at that level since April. With the extream heat in July and a historicly slower month it will be interesting to see if the July sales can maintain this level of closings by the end of  August.

With a good inventory of properties for sale and historicly low interest rates it would seem the be a great market for buyers. However there is no urgency for buyers to make a decision therefore they a looking a lot but do not seem to want to make a decision. The uncertain economy and no urgency are big factors thar seem to be keeping the home market from really getting on a roll.