Arkansas Housing Trends

The market has cooled in recent years as the % of homes sold and prices for those homes haven’t increased as dramatically as years past. Little Rock, the biggest city in Arkansas, is seeing the real estate market decreasing. The most popular purchase is single family homes, with the average price being $150K. Prices for 2006 were down between 0-5% from the summer of 2005. Houses are on the market between 60-90 days before an offer is given. The supply remains good in all price brackets, even though there are more buyers than sellers.