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Summary of April 2007 Market Report for Northwest Arkansas from the ARA

By Andrew "Andy" Cross

Real Estate Agent with Coldwell Banker Faucette Real Estate

June 22, 2007 10:00 AM

Summary of April 2007 Housing Market Report from Arkansas Realtors® Association¹

^{Most Units Sold for the Month}

^{Most Units Sold for the Year}

^Rank

^{Apr '07}

^{Apr '06}

^{% Change}

^Rank

^{Apr '07}

^{Apr '06}

^{% Change}

^{2. Benton County}

³⁷⁵

⁴⁰⁵

^-7.41%

^{2. Benton County}

^1,249

^1,470

^-15.03%

^{3. Washington County}

²¹⁸

²⁴⁶

^-11.38%

^{3. Washington County}

⁸⁶⁴

⁹⁰²

^-4.21%

^{Highest Valuations for the Month}

^{Highest Valuations for the Year}

^Rank

^{Apr '07}

^{Apr '06}

^{% Change}

^Rank

^{Apr '07}

^{Apr '06}

^{% Change}

^{2. Benton County}

^$70,818,750

^$77,662,395

^-8.81%

^{2. Benton County}

^$240,346,319

^$281,649,060

^-14.66%

^{3. Washington County}

^$37,082,672

^$46,904,328

^-20.94%

^{3. Washington County}

^$156,138,624

^$165,731,676

^-5.79%

^{Highest Average Prices for the Month2}

^{Highest Average Prices for the Year2}

^Rank

^{Apr '07}

^{Apr '06}

^{% Change}

^Rank

^{Apr '07}

^{Apr '06}

^{% Change}

^{1. Benton County}

^$188,850

^$191,759

^-1.52%

^{1. Benton County}

^$192,431

^$191,598

^0.43%

^{4. Washington County}

^$170,104

^$190,668

^-10.79%

^{2. Washington County}

^$180,716

^$183,738

^-1.64%

^{New and Existing Residential Units Sold, April 2007}

^{Data from Arkansas Regional MLS}

^Area

^{Units sold}

^Percent

^{Units sold}

^Percent

^{Apr '07}

^{Apr '06}

^Change

^{YTD 2007}

^{YTD 2006}

^Change

^{Benton County}

³⁷⁵

⁴⁰⁵

^-7.41%

^1,249

^1,470

^-15.03%

^{Madison County}

⁶

^-50.00%

²²

¹⁹

^15.79%

^{Washington County}

²¹⁸

²⁴⁶

^-11.38%

⁸⁶⁴

⁹⁰²

^-4.21%

^{Values of New and Existing Residential Units Sold, April 2007}

^{Data from Arkansas Regional MLS Northwest Arkansas MLS}

^Area

^Value

^Percent

^Value

^Percent

^{Apr '07}

^{Apr '06}

^Change

^{YTD 2007}

^{YTD 2006}

^Change

^{Benton County}

^$48,500

^$249,996

^-80.60%

^$449,592

^$577,488

^-22.15%

^{Madison County}

^$6,663,015

^$5,307,080

^25.55%

^$22,966,926

^$19,484,848

^17.87%

^{Washington County}

^$19,794,726

^$18,974,040

^4.33%

^$70,464,303

^$76,310,320

^-7.66%

^{Average Prices of New and Existing Residential Units Sold, April 2007}

^{Data from Arkansas Regional MLS}

^Area

^Average

^Percent

^Average

^Percent

^{Apr '07}

^{Apr '06}

^Change

^{YTD 2007}

^{YTD 2006}

^Change

^{Benton County}

^$188,850

^$191,759

^-1.52%

^$192,431

^$191,598

^0.43%

^{Madison County}

^$96,500

^$104,000

^-7.21%

^$144,477

^$167,638

^-13.82%

^{Washington County}

^$170,104

^$190,668

^-10.79%

^$180,716

^$183,738

^-1.64%

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Jordan Graham

Greenwood Village, CO

Is it too late for me to go back in time 10 or 15 years and buy up land in Northwest Arkansas?

And the people out there are so nice -- really, beautiful people inside and out. Surrounded by a gorgeous slice of America.

-- Jordan Graham, Mortgage Broker

Jun 22, 2007 10:49 AM

Summary of April 2007 Market Report for Northwest Arkansas from the ARA

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Andrew "Andy" Cross

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