Little Rock Arkansas Home Sale Trends Mixed in May and June

After just under a 14% increase in sold homes in May, June's only showed a 3.1% increase. Obviously a result of a slowing of closings after the Tax
Credit ending of contract time at the end of May. The number of listings on the market also increase in both months but instead of slowing, the number of listing increase. May had a 3.1 % increase and June had a 7.5% increase in properties on the market. These figures  lead to a decrease of days on the market in May to 93 average days on market, but lost half that with an increase in the average days on market to 97 days at the end of June. Even though interest rates remain in the 4.5% range there seems to be no real urgency for buyers to make a decision in the market.  Look for the market to become more competitive with more listings and about the same or less sales. It is even more important for homes for sale to be priced right, be in good condition and show well to sale. These properties seem to sale quickly and all others set around.