Information in the inaugural The City Wire’s Arkansas Home Sales Report indicates that Arkansas’ housing market continues on a slow pace toward recovery, with low interest rates and economic uncertainty competing for the attention of potential home buyers.
The City Wire’s Arkansas Home Sales Report captures home sales data in the state’s 14 most populated counties among the state’s four largest metro areas contained primarily within the state — Central Arkansas, Fort Smith area, Jonesboro/Northeast Arkansas and Northwest Arkansas. The report, which records closed sales, accounts for between 70% and 75% of total Arkansas home sales.
The January report shows 935 home sales in the 14 counties, down 1.99% compared to January 2011, but up 16.15% compared to January 2010. The combined value of homes sold in the reporting area totaled $147.253 million, up 5.4% compared to January 2011 and up 23.53% compared to January 2010.
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