LITTLE ROCK, Ark. (AP) — The Arkansas Realtors Association says home sales in the state jumped more than 10 percent in June compared to a year ago.
Realtors sold 2,708 homes compared with 2,453 in June 2013. The Arkansas Democrat-Gazette reports (http://bit.ly/1q7Ejuy ) the average sales price in the 43 counties surveyed by the association was $164,227, down 1.9 percent from $167,455 last year.
Michael Pakko, chief economist at the Institute for Economic Advancement at the University of Arkansas at Little Rock, says home sales in June were the best since 2007.
Pakko says sales between April and June were the best for any quarter since the second quarter of 2010, when sales were amplified by tax credits the federal government offered to homebuyers.
There were 7,799 houses sold in the second quarter of this year.