Little Rock was picked by Forbes in January to be one of in not the TOP Real Estate Market in the Nation. According to the article the market gained a one percent increase in value last year and will not lose more than a point prior to the mid year up swing in the real esate market.
Some areas have experienced a greater than 1% increase in value. Maumelle and Sherwood keep increasing in value and have had steady market activity. Not surprising as these two metropolitan areas were each one of the "fastest growing cities in Arkansas" in years past.
Why the steady market? In my opinion in relates to close proximity to the Little Rock and North Little Rock. When gas prices climbed the out lying towns of Conway, Bryant/Benton and Cabot became less desirable and consumers are guarded about gas prices climbing again. The traffic is also a factor. No they are not smooth flowing but improvements in each area are either in the works or in progress. Wal-Mart must know something as they just put up a new Supercenter in each town and Maumelle boasts a Super Kroger and Sherwood is getting this year. Ground is already broken.
As for the best time, rates are LOW and we will probably not be this low in my lifetime again. Sellers are motivated and educated for the most part. The market is holding and will increase in the Central Arkansas area. Hopefully, you will make a purchase before you go OOOOOOOOps it was too late.
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