The number of homes sold in Arkansas’ four largest metro areas
continues to rise, but the average home sale price declined during September in
the state’s two largest metro areas. During the first nine months of 2013 the
number of homes sold in the four markets totaled 15,765, up more than 13.2%
compared to the 2012 period and at a level not seen since the robust housing
market of 2007.
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The value of homes sold in the four markets during the first
nine months of 2013 was $2.653 billion, up 16.7% compared to the same period in
2012 and up almost 30% compared to the same period in 2011.The average price of
homes sold during the first nine months in the four markets was $168,319, up
3.08% compared to the same period in 2012 and up 13.3% compared to the same period
in 2011.Homes are also selling faster. The average days on market so far in
2013 is 88.23, better than the 96.91 in 2012 and 101.04 in 2011.For the first
nine months of 2013, the number of homes sold in central Arkansas are up
10.93%, up 11.58% in the Jonesboro area, up 18.47% in Northwest Arkansas, and
up 7.3% in the Fort Smith area.
FHA Mortgage lenders can help you buy your dream home today!
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