AR: August Home Sales Rose 20%

Arkansas Gay Real EstateHome sales in Arkansas were up nearly 20 percent in August compared to last year, the Arkansas Realtors Association said Thursday.

The jump was fueled partly by declining average sales prices, which were 7 percent lower than in August 2010. So far this year, the number of homes sales statewide is down 3.5 percent compared with 2010.

The group said in a statement that home sales were up 19.87 percent from August 2010 and home values jumped 11.6 percent. Average price of a home was down 7 percent.

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