Little Rock Area Home Sales saw a great improvement from November to December of 08. Here are the solds for local areas:
Maumelle UP 27% West Little Rock Even North Little Rock UP 5%
Sherwood UP 53% Cabot UP 21% Little Rock UP !7%f
Why is an increase in home sales important to home buyers? Although, central Arkansas property values have held fast or even increased marginally home buyers have been getting plenty of incentives from sellers. The average sales price is averaging 96%+ of the list price. As sales increase that number may go up and buyers may be paying closer to full price. When you couple that with mortgage rates it might be better to get a loan at 4.85% and get a deal vs hoping for something lower and paying 100% of market value.
Full time real estate specializing in selling homes quickly, for top dollar with minimal stress to the seller. I pride myself in being up to date with real estate market in central arkansas.
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