Cabin Business

The latest report from the Arkansas Realtors Association might indicate the beginnings of a turnaround, according to Ethan Nobles, director of media relations for the ARA.
Nobles was hopeful that an increase in sales and prices in February might precede similar news in March. Although comparing month-to-month data is "not the best gauge," he said, "it shows a bit of improvement, at least."
The following are the data that indicates the possible improvement in market conditions. Figures were provided by the Arkansas Realtors Association:
Statewide averages — highest average prices for the month
December
2008 2007 pct change
$139,057 $152,981 -9.10
January
2009 2008 pct change
$134,332 $146,468 -8.29
February
2009 2008 pct change
$141,349 $146,487 -3.51
Statewide totals — units sold for the month
January
2009 2008 pct change
1,108 1,524 -27.30
February
2009 2008 pct change
1,532 1,976 -22.47
Nobles said, "Since the market started turning down in '07, January is the worst we've seen. ...If you have two or three or four months (of improvement), things will have turned around. It's far too early now to suggest that a trend is developing. ...We look for any data that would suggest things are starting to turn around."