While more Faulkner County homes were sold in July than in June, sales were down for the year. About 9.6 percent fewer were sold than in 2010.
By this time in 2010, home sales by real estate agents totaled 757; in 2011, year to date, sales were 684, according data collected by Roger Lewis of pulseofconway.net.
There were 115 sales in July compared to 97 in July 2010.
Home prices for July are also down, Lewis said, from an average of $154,290 in 2010 to $149.449 in 2011, a decline of 3.14 percent.
Year-to-date, home prices are down 2.4 percent from an average of $155,880 in 2010 to $152,099 in 2011.
No permits have been issued this year for multi-family, apartment or duplex housing.
Permits for single family dwellings are down 50 percent over last year, Lewis said, but July 2011 was up over last year by about 18.6 percent.
Velda Lueders, president of the Faulkner County Realtors said Wednesday: "I just think our market is very steady compared to other areas. We’re pretty busy in our office.
"Some of the developers have held back on subdivisions until we see a more positive trend. But with interest rates where they are, we’re going to continue to see a steady market in Faulkner County. Lower rates will help people afford a house when they couldn’t previously.
"I'm optimistic that sales will pick up in the fall. The weather -- the oppressive heat -- kept a lot of folks indoors," Lueders said.
(Staff writer Becky Harris can be reached at email@example.com and 505-1234.)