The Arkansas Realtors Association said Wednesday that both home sales and the average price of homes sold increased in January.
The report, which surveys home sales in 43 counties, showed 1,943 homes sold in January, up nearly 8 percent from the 1,803 reported for January 2016.
The average price of the homes sold rose by 7.59 percent to $167,730 from $155,901 in same month last year.
Statewide valuations in January also increased by nearly 16 percent year-over-year to $325.9 million.
More: See the complete ARA report here.
Home sales in Arkansas' top five most active markets totaled 1,026, up nearly 2 percent from the same month in 2016.
Sales in two of the counties, Pulaski and Saline, dropped by more than 10 percent. But Sebastian County saw nearly double the sales recorded in January 2016.
Here's unit sales for Arkansas' five busiest counties:
- Sebastian: 115, up 47 percent from 78 in the same month of last year.
- Pulaski: 276, down 14 percent from 321.
- Washington: 205, up 15 percent from 178.
- Saline: 94, down 10 percent from 105.
- Benton: 336, up 2 percent from 328
Benton County led the state for highest average price in January, at $219,492, up nearly 16 percent from January 2016.
The other highest average prices were:
- $214,072, up 16 percent, in Washington County;
- $188,656, up nearly 9 percent, in Pulaski County;
- $187,952, up 23 percent, in Saline County;
- and $186,486, up nearly 20 percent, in Garland County.