State home sales drop; Jefferson County’s numbers dip


Arkansas home sales were down 6 percent in September compared to the same month last year, the Arkansas Realtors Association said Monday.

Jefferson County bucked the statistical trend with residential sales up almost 30 percent in August, but slipped sharply in September.

New and existing residences sold in the county during September totaled 25, down from the 41 units sold during the same month in 2011. During the first nine months of the year 271 residences were sold, down 5.9 percent compared to 288 during the same period last year.

The value of the 25 residences was $2.2 million, down 38 percent from the 41 recorded during same month last year, the association’s monthly report said. Values of residential sales in the county during the first nine months of 2012 fell 6.9 percent from $25.98 million last year to $24.1 million this year.

The average price of residences sold in the county last month was $88,192, a 1.63 percent increase over an average selling price in September 2011.

September area residential sales in Southeast Arkansas counties:

Grant: Ten residences sold in September, up 25 percent from eight sold in the same month last year. Year-to-date sales totaled 79, down from 81 for the same period last year. The average sale price in September was $114,850 up 3.9 percent from the same month in 2011. Year-to-date sales have totaled $10.04 million, up 5.57 percent from $9.49 million last year.

Arkansas: Five residences sold in September this year and the same number sold in the same month of 2011. Year-to-date sales totaled 68, down from 82 for the same period last year. The average sale price in September was $124,340, up 26.8 percent from the same month last year. Year-to-date sales averaged $117,359, up from $108,240 last year.

Ashley: Two residences sold in September, down from three sold in the same month last year. Year-to-date sales totaled 21, down from 30 for the same period last year. Year-to-date sales have averaged $93,562, down from $99,043 last year.