Arkansas home sales down slightly, prices up


LITTLE ROCK — The number of homes sold in Arkansas in August decreased by a little more than 5 percent over a year ago while the average price of homes sold rose by over 17 percent, the Arkansas Realtors Association reported Wednesday.

The association said 2,266 homes sold in the 43-county area it surveyed last month, compared to 2,401 in August 2011. The average price of a home rose to $164,964, compared to $140,698 a year ago.

For the year to date, Arkansas home sales were down a little more than 2 percent compared to the same time last year, while the average price of homes sold was up a little more than 10 percent.

Benton County had the highest number of homes sold in August with 375, followed by Pulaski County with 361, Washington County with 220, Faulkner County with 120 and Sebastian County with 113. Forty homes were sold in Jefferson County.

The average home prices for the month were highest in Cleburne County at $209,151, followed by Pulaski County at $207,977, Garland County at $192,169, Washington County at $186,168 and Benton County at $185,505.

The average home price was $134,486 in Sebastian County and $107,715 in Jefferson County.