Arkansas home sales increased by more than 9 percent in February while the price of those homes went up by more than 6 percent, according to data released Friday by the Arkansas Realtors Association.
The average price of the homes sold in the 43-county area surveyed by the association increased from $146,902 in February 2014 to $155,901 in February 2015. Meanwhile, statewide valuations in February increased by more than 15 percent from 2014.
More: See the full report here (PDF).
Benton and Pulaski counties reported the most units sold for February. The top five counties for units sold in February:
- Pulaski: 323 units sold, up 17.9 percent from the 274 sold in February 2014.
- Benton: 293 units sold, up 0.3 percent from 292 last year.
- Washington: 197, up 23.9 percent from 159 last year.
- Saline: 109, up 4.8 percent from 104 last year.
- Faulkner: 98, down 19 percent from 121 last year.
Statewide totals reported by the association were 1,955 units sold, up 9 percent from the 1,793 units sold in February 2014.
Benton and Washington counties saw the highest average home prices in February. The top five counties for highest average home price:
- Benton: $196,115, up 12.8 percent from $173,917 in February 2014.
- Washington: $193,882, up 7.7 percent from $180,107 last year.
- Pulaski: $181,619, up 1 percent from $179,795 last year.
- Saline: $179,988, up 4.2 percent from $172,805 last year.
- Faulkner, $163,211, up 21.8 percent from $134,000 last year.
The statewide average for February, according to the group, was $155,901, up 6.1 percent from February 2014.
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