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August home sales, inventory and days on market moved the six month trends up in all three categories. Listings on the market up up the most at 1.73% and continued a upward trend every month since April of this year. Home sales was almost flat being up only .99%. This is the smallest growth in the sale trend since April. West Pulaski County (area 17) which includes Chenal continues to improve but being the area with the longest Absorption Rate it still remains one of the weakest areas for sales to inventory. These numbers compared to last August are up in all three areas from last August numbers. The Average Days on Market are up from 86 to 94 days. All in all not all that much change. Buyers continued to look but there does not seem to be an urgency in the market for them to make a buying decision and until either buyer confidence improves or some factor in the market changes the market will probably remain with these small changes.
| August '10 | |||||
| MLS | Solds | Avg. Solds | Active | Abs. Rate | Aver Days |
| Area | 6 Mos. | Per Mo | Listings | in Mos. | on Market |
| Maumelle | 225 | 37.50 | 173 | 4.6 | 69 |
| Sherwood | 251 | 41.83 | 239 | 5.7 | 86 |
| LR Area 7 | 354 | 59.00 | 339 | 5.7 | 86 |
| LR Area 5 | 216 | 36.00 | 210 | 5.8 | 88 |
| LRArea 3 | 141 | 23.50 | 151 | 6.4 | 96 |
| Area 11 NLR | 141 | 23.50 | 155 | 6.6 | 99 |
| Otter Creek | 58 | 9.67 | 81 | 8.4 | 126 |
| LR Area 17 | 145 | 24.17 | 207 | 8.6 | 128 |
| Area 10 NLR | 99 | 16.50 | 143 | 8.7 | 130 |
| All Areas | 1630 | 272 | 1698 | 6.3 | 94 |
| Last Month | 1614 | 269 | 1669 | 6.2 | 93 |
| Cabot | 441 | 73.50 | 459 | 6.2 | 94 |
| Jacksonville | 142 | 23.67 | 180 | 7.6 | 114 |
| All w/C&J | 2213 | 368.83 | 2337 | 6.3 | 95 |
| Chenal only | 87 | 14.50 | 117 | 8.1 | 121 |
| Price Range | |||||
| 100-200 | 858 | 143.00 | 723 | 5.1 | 76 |
| 201-300 | 342 | 57.00 | 365 | 6.4 | 96 |
| 301-400 | 140 | 23.33 | 191 | 8.2 | 123 |
| 401-500 | 48 | 8.00 | 92 | 11.5 | 173 |
| 501-999 | 56 | 9.33 | 130 | 13.9 | 209 |
| 1000000+ | 10 | 1.67 | 45 | 27.0 | 405 |
| Solds up 0.99% | |||||
| listings up 1.73% | |||||
| DOM Up 1.07% |
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This home is perfect for the right family. This is home in West Little Rock (Chenal) is listed well below appraised value. I just had to post this as it is great buy for so much house! This home will be featured on The Family Money Show this Sunday March the 14th.
For more pictures Instantly: Text 88735 To 79564
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Crye-Leike Realtors : 11600 Kanis Rd. - Little Rock AR 72211 : 501-993-5555 |
Apply Online at: DavidLukas.com We have some great loan programs for loans up to $1.5 million.
Feel Free to contact me anytime.
David Lukas, CMPS
National Bank of Arkansas
WLR Office: 501-280-3435
Sherwood Office: 501-834-3441
Mobile: 501-952-3090
Fax:800-640-8394
Visit My Website at:http://www.DavidLukas.com|
I post daily to my blog: www.DailyMortgageReport.com
I encourage you to watch the video below entitled "Two Reasons to Buy Sooner Rather Than Later" It is timely information that you need to know if you are considering buying a home in 2010.
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