Latest numbers indicate that homes sales in Sebastian County grew from 97 in January of 2006 to 124 in January of 2007. Values for those homes grew 10% from $12.63 million in January last year to $13.93 million this year. The bulk of the change has evidently come form the homes priced below $150,000. Many of the sales have come from outside the city limits of Fort Smith which may explain why the outskirts of town continue to grow rapidly.

While transactions and total values were up, average price per transaction was down approximately 11% from $130,266 to $115,186.

As a side note, Benton County home sales were down 19.69% from January of last year. The average value of those homes though fell from $198,104 to $186,506 which still remains the highest average home value in the state.