The Arkansas Realtors Association said Monday that home sales and the average price of homes sold increased in August.
The report, which surveys home sales in 43 counties, showed 3,401 homes sold in July, up by 3.6 percent from the 3,282 reported for August 2016.
The average price of the homes sold rose by 4 percent to $178,534 from $171,262 in the same month last year.
Statewide valuations in July also increased by 8 percent year-over-year to $607 million.
More: See the complete ARA report here.
Home sales in Arkansas’ top five most active markets totaled 1,802, down 1.5 percent from the same month in 2016.
Sales in Saline County and Pulaski County increased by 11.8 percent and 1.5 percent, respectively.
But Sebastian, Washington and Benton counties saw decreases of 9.7 percent, 5.5 percent and 1.5 percent, respectively.
Here’s unit sales for Arkansas’ five busiest counties:
- Saline: 199, up from 178.
- Pulaski: 486, up from 479.
- Benton: 579, down from 593.
- Washington: 342, down from 362.
- Sebastian: 196, down from 217 in the same month of last year.
Madison County led the state for highest average price in July, at $237,309, up 74.5 percent from August 2016.
The other highest average prices were:
- $234,795, up 2.1 percent, in Benton County;
- $234,380, up 14.8 percent in Washington County;
- $208,176, up 13.2 percent in Pulaski County;
- and $200,526, up 16.1 percent in Saline County.
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