About Pulaski County, AR

The trend of increase sales in the Little Rock area in a 6 month period continues for the second month at the end of July. Sales were up 17% over the 6 month period ending in June. Sales were up in every market area. The number of properties for sale also continued to increase but only by a 7% rate which is much smaller than the 30% increase last month. The Chenal area which early in this year was very slow and had a very high absorption rate of over a year has improved over the last few months. It now has an absorption rate of just under 10 months. Over half of the areas have an absorption rate of at or under 6 months. This means an average days on the market of around 90 day, which is not a bad market at all. In fact only west Pulaski County, Chenal, and Jacksonville areas have an average days on the marke of over 120 days.

Hopefully we will see these trends continue. Positives continue to be low interest rates on conforming loan, first time buyer tax credit, and a better market of jumbo loans. With these in place and no unforeseen changes these trends should continue.

Last week, The National Association of REALTORS® reported that existing home sales - which include single-family, townhomes, condominiums and co-ops - increased 3.6 percent to a seasonally adjusted annual rate of 4.89 million units in June.

This is third consecutive month that NAR has reported an increase in existing home sales. Lawrence Yun, NAR's chief economist, added that "We expect a gradual uptrend in sales to continue due to tax-credit incentives and historically high affordability conditions."

Signs of an improving market are all over the place. It looks like we hit bottom and are on the way back up. Sales are improving on the Little Rock scene as well. There has never been a better time to buy a new home.

18” Ceramic tile in kitchen, bathrooms, and kitchen counter top. Extensive crown molding throughout home (including master). Hardwood entry and dining room. Designer colors in every room. Master bath counters raised to kitchen height. 6’ jacuzzi tub in master suite. 2” blinds in every room. 9’ Ceilings throughout home. To directly access this property, use this shortcut: http://www.fizber.com/arkansas-buy-single-family-home-11647087.html

42 Kingsbridge Way

Little Rock, AR 72212

Open House

Sunday July 12, 2009

2:00 - 4:00

This Lovely Home features 2 Bedrooms and 2 1/2 Baths, New Windows, Paint and Crown Molding making it ready for you to adore.

Enjoy the privacy and tranquility available in this quiet condominium neighborhood sitting in the heart of West Little Rock providing convenient access to the area's many amenities, yet sits hidden amongst the trees providing perfect seclusion.

Play at the tennis courts, clubhouse, or pool while the yard maintenance is conducted by the association.

Arkansas Business reports the top 10 Real Estate Companies in Arkansas. Of the top 10 Keller Williams is one of 2 companies that reported sales gains over the previous year. Dana Powell, broker for KW, attributes this increase to the training at KW and learning how to sell in a shifting market. It takes skill based agents to succeed.

Three of the top teams in the state are at KW Little Rock. Roddy McCaskill Team is ranked #4, Neoma Rowell Team is #10 and The Sumbles Team is #11.

Call The Sumbles Team at 501-960-4111 or visit our web at www.TheSumblesTeam.com