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Little Rock, AR Real Estate News

The residential sales trends for the Little Rock, Arkansas area continue to move every slowly in a positive direction in most all areas at the end September. Homes that are in good condition and price right are selling in a reasonable time.. Supply continues to move slowly down ward and sales move upward slowly which has been a trend over the last few months.The absorption rate remains under six months for the total area and of the eleven areas monitored all but four had an average days on market of under 90 days. The areas with the longest absorption rate continue to be West Pulaski County and the Chenal area, along with the Jacksonville are both with a eight to nine month supply of homes on the market. Both these areas continue to see improvement on earlier months numbers. September  ...
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By Kevin Riley, Kevin Riley
(IHP Real Estate)
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By Kevin Riley, Kevin Riley
(IHP Real Estate)
Kevin Riley has renewed his real estate license for 2010 and will continue to work hard to take care of all those who desire to buy and/or sell a home. I handle all of the stress so you don't have to. Let's find your dream home today!!!
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By Captain Wayne - Rowlett Real Estate School, Rowlett Real Estate School / Owner and Instructor
(Rowlett Real Estate School)
Arkansas Online Real Estate Courses        "Let your Career Start Here!"   Captain Wayne Rowlett and the Career School welcomes you to the finest Fully Accredited On-line Real Estate School in Arkansas.    You can be on your way to becoming an Arkansas Real Estate Professional in just One Click of the mouse! Join over 1,000,000+ students achieving greater success using our proven distance education solutions. The provided courses meet or exceed the state requirements necessary in both preparing for and passing the intended state exam or in meeting your continuing education requirements.The www.RowlettCareerSchool.com  is one of the leading online real estate schools in Arkansas providing state approved online courses for pre, post and Continuing Education (CEU) for the Real Estate indus...
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The Arkansas REALTORS Association report of September 14th shows that the average list price on homes continues to slide slightly and the number of homes listed has increased over last month but are still below the highs reached this year. Here in Central Arkansas the list price number has remained level for a few months and so has the listing inventory. In their post about this report the REALTORS point out the importance the First Time Buyer Tax Credit has had on these numbers and the market. The most active price range has been around $150,000 and below, which is the prime first time buyer market. Our reports on Absorption Rates in the Little Rock area shows positive trends in the Little Rock area for average days on the market.
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By Rusty Armstrong
(ERA Henley Real Estate)
The Market Absorption Rate continues to move down at the end of August in almost all areas. Out of the eleven areas that are followed in the Little Rock area all but 4 have a listing inventory of under six months and a average days on market of 90 days are less. West Pulaski county, which includes the Chenal area, remains the area with the biggest inventory but this area may have improved the most over the last few months. It has gone from an absorption rate of over a year to now a little under ten months. These trends have been slow but consistent positive trends each month. Low rates, first time buyer tax credit and good value in homes continue to push these trends. August           MLS Solds Avg. Solds  Active Abs. Rate Aver Days Area 6 Mos. Per Mo Listings in Mos. on Market         ...
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The trend of increase sales in the Little Rock area in a 6 month period continues for the second month at the end of July. Sales were up 17% over the 6 month period ending in June. Sales were up in every market area. The number of properties for sale also continued to increase but only by a 7% rate which is much smaller than the 30% increase last month. The Chenal area which early in this year was very slow and had a very high absorption rate of over a year has improved over the last few months. It now has an absorption rate of just under 10 months. Over half of the areas have an absorption rate of at or under 6 months. This means an average days on the market of around 90 day, which is not a bad market at all. In fact only west Pulaski County, Chenal, and Jacksonville areas have an ave...
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The market for homes selling in Little Rock most active areas show increases in the number of sales for 6 months in all areas that are followed except for the Jacksonville which was down. The areas of Little Rock without Cabot and Jacksonville increased by 11%. There was also an increase of number of listings that are on the market for sale, up 31%. So even though sales were up the Absorption Rate and Average Days on the market increased in all areas accept for the Chenal and west Pulaski County area which decrease. Even with this decrease this area remains with the highest Absorption Rate but still good news for that market. What does this mean for buyers and sellers in our area? I think it shows that buyers are becoming more confident and are becoming more active. The number of homes ...
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By Rusty Armstrong
(ERA Henley Real Estate)
Yes, many homes are selling fast when they hit the market here in Little Rock, but a lot of homes are taking much longer to sell. This gap between those that are selling fast and the slow sellers has expanded in this market. The residential market has become a competition of price and condition that you either win fast or lose. The homes that are priced fairly and in good condition are selling in under 30 days most of the time. The homes that are overpriced for this market either because of the condition or a seller that will not meet what the market expects for price or either sitting till the price is right or not selling at all. Sellers must realize that buyers set the market for what a house is worth. The seller needing a certain amount or just wanting a certain amount does not effe...
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By Charles Haverfield, Visit me at Cabot4sale.com
(CRYE-LEIKE Realtors)
The Arkansas Realtors Association posts monthly reports about the Pulaski County real estate market. Most of the time their reports run a couple of months behind, but are very informative. Currently on their website they have an April report available. I end up only using the Pulaski county report to write about the Little Rock real estate market. The April report shows that Pulaski County was down 5.43% from April of last year in total home sales. The state of Arkansas was down 10.42% in total home sales compared to last year's April. The Little Rock real estate market is down compared to last year, but fortunately not down as much as other major cities and areas. If you are interested in browsing Little Rock Homes for sale, feel free to click on the link. Good day 
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In these reports we have been looking at the Absorption rate on home sales by area. Today I looked at how sales were doing by price range. The most active price range is below $300,000. First Time Buyer Tax Credit, FHA  and VA loan limits contribute to making these price ranges sell well. Within these price homes the most activity in in the $100,000 to $200,000 price range. This price range only has just under a 6 month supply and an average days on market of under ninety days. In prices over $300,000 there is over a year supply of homes on the market at the present rate of sales. For homes over $750,000 there is a  21 month supply of homes for sale. As the trends by area have shown the areas with the more expensive homes for sale are the slowest moving markets. In these price ranges th...
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This monthly report has been tracking the home sales trends in the most active areas of Little Rock, North Little Rock and Maumelle. Each month it looks at the number of sold properties in the past 6 months and using that sales rate to see how many months it would take to sale all the listed homes at this sales rate. Using these figures it show a more accurate average days of market for home sales. Over the last few months the trends have shown a wide range of sales rates in our market, but trends have been slightly positive to unchanged. The May report shows very positive trends in both number of sold homes incresing and a decrease in the number of homes on the market in all areas the in the report. The area with the lowest absorption rate and average days on the market continues to be...
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Homes continue to take less time to sale in the most active areas of Little Rock. At the end of February the sales rate to sale all homes on the market was 8.5 months and an average market time of 126 days. At the end of April these numbers have gone down to 7.7 months and a average market time of 115 days.  The areas that continue to be the best markets are Little Rock from University to Mississippi, Maumelle, North Little Rock west of John F Kennedy Boulevard, and Sherwood. These area have an average days on the market of 81 to 96 days. The most competitive area to sale homes continues to be Chenal and western Pulaski County with an average days on market of 232 days. That is decrease form 255 at the end of February.Buying activity has increase, especially in with first time home buye...
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(National Credit Fixers - Matt Listro)
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By Rusty Armstrong
(ERA Henley Real Estate)
The number of homes selling per month in the Little Rock area increase from the end of February to the end of March in most areas, but the number of listings on the market also increased. So for sellers it remains a very competitive market.    The areas with the most expensive properties tend to have the longest average days on market. Chenal and the western part of Pulaski County have the longest absorption rate with average days of market of 296 days. The areas with the lowest market times are Little Rock from University to I-430, Sherwood and Maumelle all with average days on the market of under 100 days. In the Little Rock area there is a little over an 8 month supple of homes for sale and an average day on market of 124 days, down from 126 days at the end of February. The National ...
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       In todays negative economic environment it is hard to find some positive news.  I thought I would share some surprising news with you!!!    I was  reading a Forbes blog dated 1/7/09 and it featured Little Rock as one of America's 25 top housing market.  Little Rock's housing market is predicted to only drop 1%.   In Pulaski County average sales price  dropped 2.2 % from 2007. The higher priced areas of Pulaski County dropped 2.3 %.  However, the most impressive figure is our listing inventory is down 15.5 %  which means we are selling the backlog of homes. Little Rock's foreclosure rate is 1  out of 200 where the nation's rate is 1 out of 54. Click on the link to read the full article..... In Depth: America's 25 Strongest Housing Markets   This article is published by the Nationa...
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By Marty Davis
(EXIT One)
Little Rock Area Home Sales saw a great improvement from November to December of 08.  Here are the solds for local areas:   Maumelle UP   27%        West Little Rock   Even         North Little Rock  UP 5% Sherwood UP   53%        Cabot                 UP 21%     Little Rock          UP  !7%f Why is an increase in home sales important to home buyers?  Although, central Arkansas property values have held fast or even increased marginally home buyers have been getting plenty of incentives from sellers. The average sales price is averaging 96%+ of the list price. As sales increase that number may go up and buyers may be paying closer to full price. When you couple that with mortgage rates it might be better to get a loan at 4.85% and get a deal vs hoping for something lower and paying 100%...
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By Heidi Ross, RESA-PRO, CPRES, Design...Inspire...Sell!
(Heidi Ross Design)
First Impressions are everything! If you are a Realtor, which first impression would you want? Your sign in front of a stagnant, unattractive vacant listing or your sign in front of a fully staged show-to-sell Showhome?  With the economy the way it is, and the staggering number of homes on the market, a Realtor is really doing everyone and their industry a dis-service by not enlisting a staging company to assist them with a vacant listing.  A Realtor has the responsibility to inform the property owners that a staging company is recommended for their vacant home.  A Realtor should inform the property owners that the cost to stage a vacant home is usually less then a reduction in the selling price of the home.  By enlisting the services of a staging company the property owners remove the ...
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