Arkansas First Quarter Home Sales Up 6%, Average Price Up 3%
March 2012 Prices Up 5% Over 2011
Yeah! It’s looking better! The number of homes sold in Arkansas in the first quarter rose by 6 percent over a year ago. The average price of those homes sold rose by 3%. For the month of March the number of homes sold increased 1 percent and the average price for the month increased by 4 percent over March 2011.Why? Great interest rates, that have started to tick upwards. Good inventory levels, affordability is great, and buyer confidence is improving.
National median existing-home price - $163,800 in March, up 2.5 percent from March 2011.In the South, existing-home sales slipped 1.1 percent in March but are 3.6 percent higher than a year ago. The median price in the South was $146,500, up 6.2 percent from March 2011.
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