Not Much Change In Little Rock Homes Sales Through September

By
Real Estate Agent with ERA Henley Real Estate

The September report on sold homes and number of active listings shows a market that continures to be basicly flat since the end of April of this year. For the six month period ending in September the number of solds decrease by 1.1% and the number of listings on the market were also down 1.64%.  The absorption rate has been running between 6.8 months and 6.2 months each month even though solds have gone up and down, so have the number of listings. What may tell more is comparing September number of 2010 with  September 2009. The number of solds are down 4.1% and the number of homes on the market are up 14.3% when compared to 2009. The absorption rate at this time last year was 5.4 months and now is it 6.2 months. Even though it is not a drastic change it is a more competitive market to be selling a home today than last year in Little Rock. There are still homes selling but the competitiveness of the market will keep prices at best flat in most price ranges and areas.

September '10          
MLS Solds Avg. Solds  Active Abs. Rate Aver Days
Area 6 Mos. Per Mo Listings in Mos. on Market
           
Maumelle 208 34.67 161 4.6 70
Sherwood 250 41.67 237 5.7 85
LR Area 7 354 59.00 336 5.7 85
LR Area 5 216 36.00 211 5.9 88
LRArea 3 141 23.50 154 6.6 98
Area 11 NLR 141 23.50 150 6.4 96
Otter Creek 58 9.67 76 7.9 118
LR Area 17 145 24.17 197 8.2 122
Area 10 NLR 99 16.50 148 9.0 135
All Areas 1612 269 1670 6.2 93
Last Month 1630 272 1698 6.3 95
           
Cabot 407 67.83 448 6.6 99
Jacksonville 121 20.17 172 8.5 128
All w/C&J 2140 356.67 2290 6.4 96
           
Chenal only 82 13.67 110 8.0 121
           
           
Price Range          
100-200 804 134.00 695 5.2 78
201-300 341 56.83 352 6.2 93
301-400 141 23.50 189 8.0 121
401-500 49 8.17 89 10.9 163
501-999 50 8.33 131 15.7 236
1000000+ 9 1.50 48 32.0 480
           
           
# Solds down 1.1%          
# Listings down 1.64%          
DOM down 2.1%          
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Topic:
Home Selling
Location:
Arkansas Pulaski County Little Rock
Tags:
sales data little rock arkansas
home sale data
home seller information
buying homes
buyer information

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