ARKANSAS HOME SALES SLIP; SPOTTY RESULTS SEEN IN LOCAL POCKETS

The latest report from the Arkansas Realtors Association shows that overall home sales slipped 8.7% in February compared to one year ago. However, there were pockets of good news in key metro and suburban areas.

Total home sales collected by the ARA showed that February units sold were off and there was a mixed bag in the top 5 markets. Pulaski County home sales were unchanged with the same number of homes being sold in February 2010 and 2009.

Benton County home sales tumbled 8%, while Washington County sales fell 10.6%. Saline County saw home sales rise 24% during the month, while Garland County homes sold retreated 9.6%.

Statewide average home prices declined 4% during the month to $136,088.

Home sales in Craighead County were off 11.3%. Sebastian County home sales were down 23.5%. Faulkner County home sales dropped 26.7%.

Conversely, Green County home sales rose 28% and White County home sales were up 4.7%.

You can read the full report at this link.