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Arkansas housing market 'something of a roller-coaster' | Real Estate

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Arkansas housing market 'something of a roller-coaster'
Real Estate
Arkansas housing market 'something of a roller-coaster'

The Arkansas REALTORS Association reported today that the average price of homes in Arkansas showed an increase of 2 percent to $138,819 over the same period last year and a 1 percent increase in the average price of homes sold for the  month.  While home sales experienced a 15 percent drop in the number of units sold versus March of 2010, units sold during the first quarter as a whole were down 6 percent buoyed by January numbers that were significantly improved over 2010.  The monthly report covers a 42 county area, including some of Arkansas largest metropolitan areas.

The full report, along with reports from 2010 and 2009, can be found on the Arkansas REALTORS® Association website at http://www.arkansasrealtors.com/news-events/housing-market-reports.

“These reports reflect that Arkansas home sales appear to be on something of a roller coaster ride since the ending of the first time home buyer's tax credit last year," said Amy Glover Bryant, Director of Communications for the Association.  "It is challenging to compete with a time period when home buyers were being encouraged to purchase using the tax credit.  After speaking with REALTORS around the state over the last few days, I anticipate this volatility may continue well in to the summer."

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