Mountain Home, Arkansas Market Report 6/01/2010 to 6/30/2010

By
Real Estate Agent with Century 21 LeMac Realty

Mountain Home, Arkansas Market Report 6/01/2010 to 6/30/2010  The numbers were actually a bit surprising to me this month!  I had expected a bit of doom and gloom.  I really do need to quit listening to the national news.

Mountain Home is the largest segment of our entire MLS system here in the Mountain Home, Twin Lakes area.  I will use the numbers reported by the Mountain Home MLS System for Mountain Home

                    Qty Sold   % chg   Volume    % chg   Avg Sale    % Chg   Median Sale   % Chg  #Act.   % Ch

Current yr.        39                   5,295,400            135,779                  115,000                     571  

2009                34                  4,891,120             143,856                  142,000                    523   

                         5       +15%   404,280    +8%    (8,077)   -6%           (27,000)       -19%      48     +9%

Year to Date....6/30/2010

2010              182                   23,327,235           128,171                  119,950                     868

2009              140                   18,929,020           135,207                  126,250                     756

Change           42     +30%        4,398,215  +23%  (7036)        -5%        (6,300)     -5%         112  +15%

More sales this year than last year.  More Volume in '10.  Average Sales price was down 6% for the year.  The tough part for sellers of course is the lesser prices...But for a buyer that is encouraging news...Prices have come down some.  The number of homes on the market right now is up 9% over last year.  Great news for prospective buyers...More to choose from, and at LOWER prices!  No Better Time Than Now!

Posted by

John Howard

Century 21 LeMac Realty

Mountain Home, Arkansas

870/404-3614

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Rainmaker
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Michael Ford
Coldwell Banker Heritage Homes

Hi John we've got the same thing happening in West Memphis and Marion.  But I do think the July and August number will not be as good as 09.  Hope I'm wrong.

July 06, 2010 05:50 PM
Rainer
174,297
John Howard
GRI, Mountain Home, Arkansas 870-404-3614
Century 21 LeMac Realty

Hi Mike!  I understand...I guess I just expected to see it tail off in June...I was busy, but not a lot of ink was written....Hopefully we will catch a second breath here, and the market will take off.  July has been busy so far.

July 06, 2010 06:22 PM
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Rainer
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John Howard

GRI, Mountain Home, Arkansas 870-404-3614
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