Archive for the 'Market Conditions' Category
Northwest Arkansas Home Prices and Real Estate Market Report – August 2009
September 23rd, 2009 categories: Market Conditions
Now that I’ve finally gotten around to putting together the report for August it’s nearly time for the September report. No worries though. I wasn’t putting it off due to terrible information or some statistic taking a nose dive, I’ve just been busy. Enough excuses. Things are still looking very promising overall as we go into the slow months. Here is the Northwest Arkansas Residential Home Prices and Real Estate Market Report for August 2009… Read the rest of this entry »
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The Skyline Report for Q2 2009 – Northwest Arkansas Real Estate
August 14th, 2009 categories: Market Conditions
The Northwest Arkansas Skyline Report for the second quarter of 2009 sponsored by Arvest Bank is out. The report collates and measures some key statistics in the Northwest Arkansas Real Estate Market… check out this quarter’s key highlights below. If you are looking for a bit more detailed (and useful in my opinion) monthly report please check out our monthly market data or subscribe to our updates.
From the Arkansas Business Journal (written by: Susannah Patton)
New residential construction in northwest Arkansas in the second quarter of 2009 continued at a lower pace than in previous years but picked up slightly from the first quarter. The numbers come from the second-quarter residential Skyline Report, commissioned by Arvest Bank Group Inc. and compiled by the Center for Business & Economic Research in the Walton College of Business at the University of Arkansas. In the second quarter, 266 residential building permits were issued, an increase from the 185 issued in the first quarter but a decrease from the 416 permits issued in the same period last year. Benton County accounted for 146 permits, while Washington County accounted for 120. The number of complete but unoccupied houses declined in the second quarter as 382 houses in active subdivisions became occupied. The absorption rate is an increase from the first three months of this year, when 277 homes became occupied. There were 1,247 homes sold in the second quarter, a decline of 4.6 percent from the second quarter of 2008.
The Skyline Report pulls it’s data from multiple sources so is very accurate in it’s conclusions. If you’d like to see more about the Skyline Report and what’s in it, please contact me and I’ll be happy to get you a copy of the latest report. Remember to come back the first week of each month and read EXIT Pro Realty’s conclusion’s on the current state of the housing market in Northwest Arkansas.
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Northwest Arkansas Home Prices and Market Report – July 2009
August 3rd, 2009 categories: Market Conditions
It’s hard to believe but the average price of a home sold in July in Northwest Arkansas was $178,103. That’s up 29.5% from it’s low only 5 months ago! After three months of sustained positive growth in home prices, absorption rates coming back into line, and strong pending sales I’d have to say Northwest Arkansas is recovering from it’s milder-than-the-national-average housing crisis. Read the rest of this entry »
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Northwest Arkansas Home Prices and Market Report – June 2009
July 16th, 2009 categories: Market Conditions
Some interesting numbers (that’s not an oxymoron is it?) this month in the Northwest Arkansas Housing Market. As the days continue to get hotter so does the housing market. Prices have remained steady from last month and most other indicators point to a market making a slow comeback. Check out June 2009’s Home Prices and Housing Market Report for Northwest Arkansas… Read the rest of this entry »
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Northwest Arkansas Home Prices and Market Report – May 2009
June 17th, 2009 categories: Market Conditions
I have to apologize to everyone for it being June 17th and I am just now getting the May report done. A lot has been going on in the market: interest rates have come up some, foreclosure sales are down (a good thing) home prices are up, pending sales are up, and general market sentiment is much higher than in the last few months. Here is the Northwest Arkansas Home Prices and Market Report for May of 2009. I do hope you find it interesting. Remember that you can find all of my monthly market reports in Market Conditions. Read the rest of this entry »
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Northwest Arkansas Home Prices and Market Report – April 2009
May 4th, 2009 categories: Market Conditions
April Buyers bring May closings! If last month’s Northwest Arkansas Home Prices and Market Report was uplifting…this month’s Market Report should have you singing in the rain. While prices in Northwest Arkansas are nowhere near their highs of several years ago, there is a definite bullish trend in prices, absorption rates, and pending and closed inventory that should make buyers get out and ‘get while the gettin’s still good.’ National buyer confidence for house is trending upward and the trend supports the numbers in this month’s Residential Real Estate Market Report for Northwest Arkansas. Read the rest of this entry »
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Northwest Arkansas Home Prices and Market Report – March 2009
April 6th, 2009 categories: Market Conditions
Finally ladies and gentlemen…some decent news! As spring thaws out the ground, trees, and home buyers of Northwest Arkansas, we are beginning to see a change in the trend of absorption rates, sale prices, and number of homes going under contract. Check out this month’s uplifting and hopeful Residential Real Estate Market Report for Northwest Arkansas. Read the rest of this entry »
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CNBC’s Spring Real Estate Guide Gets It Right…and Wrong
March 27th, 2009 categories: Buying a Home, Market Conditions
CNBC has recently complied a ‘Spring Real Estate Guide’ that both hits and misses the mark on everything ranging from the state of the current housing market to listing your home for sale by owner, buying foreclosures, getting loans, and going green. Here’s my take on this jumble of articles from CNBC.com Read the rest of this entry »
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Get Ready for Northwest Arkansas’ Spring Housing Boom!
March 23rd, 2009 categories: Home Owner Tips, Market Conditions
It’s officially spring and it looks like a combination of lower mortgage rates, the spring surge, inventories, home prices, and government intervention are about to create a perfect storm for a swarm of selling and buying of property in Northwest Arkansas. Read the rest of this entry »
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40/29 News Shares Some Good News About the Northwest Arkansas Housing Market!
March 19th, 2009 categories: Market Conditions, News and Events
News about the news isn’t usually news…but when 40/29 talks about good news concerning the housing market…that’s news I’ve gotta share! Check out the clip below that talks about the rise in new home construction in February of more than 22%. Read the rest of this entry »
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