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Little Rock, AR

September Home Sales Numbers Trends Remain on Positive Direction in Little Rock Arkansas

Rusty Armstrong: Real Estate Agent in Little Rock, AR

The residential sales trends for the Little Rock, Arkansas area continue to move every slowly in a positive direction in most all areas at the end September. Homes that are in good condition and price right are selling in a reasonable time.. Supply continues to move slowly down ward and sales move upward slowly which has been a trend over the last few months.The absorption rate remains under six months for the total area and of the eleven areas monitored all but four had an average days on market of under 90 days. The areas with the longest absorption rate continue to be West Pulaski County and the Chenal area, along with the Jacksonville are both with a eight to nine month supply of homes on the market. Both these areas continue to see improvement on earlier months numbers.

September
MLS Solds Avg. Solds Active Abs. Rate Aver Days
Area 6 Mos. Per Mo Listings in Mos. on Market
Maumelle 235 39.17 161 4.1 62
LR Area 7 370 61.67 257 4.2 63
LR Area 5 211 35.17 170 4.8 73
Sherwood 245 40.83 221 5.4 81
LRArea 3 145 24.17 130 5.4 81
Area 11 NLR 146 24.33 145 6.0 89
Otter Creek 69 11.50 76 6.6 99
Area 10 NLR 107 17.83 128 7.2 108
LR Area 17 153 25.50 234 9.2 138
All Areas 1681 280 1522 5.4 81
Last Month 1614 269 1546 5.7 86
Cabot 500 83.33 418 5.0 75
Jacksonville 140 23.33 191 8.2 123
All w/C&J 2321 386.83 2131 5.5 83
Chenal only 89 14.83 125 8.4 126

Looking at how the market is doing by price range shows two different markets. In prices from $100,000 to $400,000 absorption rate is under five months and above $400,000 it is just under 14 months. Some factors causing this gap are financing for loans over $415,000 is getting better but is still at a higher rate and more difficult to get than loans under that amount. First Time Buyer Tax Credit continues to help make sales good below the $250,000. Time will tell how the market is affected if the tax credit is not extended past the November 30 end date.

Price Range
100-200 882 147.00 621 4.2 63
201-300 394 65.67 327 5.0 75
301-400 143 23.83 180 7.6 113
401-500 53 8.83 85 9.6 144
501-999 60 10.00 126 12.6 189
1000000+ 5 0.83 54 64.8 972

At Your Service

09-18-09
Kevin Riley
Kevin Riley: Real Estate Agent in Little Rock, AR

If you or anyone you know is looking to buy and/or sell a home, give me a call! Professional and knowledgable service is what you will get. Shoot me a message with your number and I'll give you a call. I'm not a stranger to challe...nges, so let me help you with your situation. - Your CENTURY 21 Professional

Ready for 2010

09-18-09
Kevin Riley
Kevin Riley: Real Estate Agent in Little Rock, AR

Kevin Riley has renewed his real estate license for 2010 and will continue to work hard to take care of all those who desire to buy and/or sell a home. I handle all of the stress so you don't have to. Let's find your dream home today!!!

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Captain Wayne Rowlett: Real Estate Trainer in Panama City, FL

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Arkansas REALTOR Association Reports on Home Sale Market as of Sept. 14

Rusty Armstrong: Real Estate Agent in Little Rock, AR

The Arkansas REALTORS Association report of September 14th shows that the average list price on homes continues to slide slightly and the number of homes listed has increased over last month but are still below the highs reached this year. Here in Central Arkansas the list price number has remained level for a few months and so has the listing inventory. In their post about this report the REALTORS point out the importance the First Time Buyer Tax Credit has had on these numbers and the market. The most active price range has been around $150,000 and below, which is the prime first time buyer market. Our reports on Absorption Rates in the Little Rock area shows positive trends in the Little Rock area for average days on the market.