August Homes Sales Jump
Northwest Arkansas’ Average Price Was $71 Per Square Foot
Posted: September 16, 2011 at 5:56 a.m.
Local agents got a back-to-school boost in their August paychecks when home sales increased 25 percent from a year ago, according to Paul Bynum, statistician with Mountdata, a residential real estate data analysis firm.
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To print a headline that is embelishing bad data is wrong. I quote this article as saying "Homes sold at an average of $71 per square foot in August, down from $76 a year ago, according to Mountdata."
This is only good news if this establishes a FLOOR on prices. One month of a few more homes at lower prices is not good news. People lost their equity and probably bailed out of their loan BEFORE forclosure around the corner.
One mans opinion.
Posted by: SFret
September 16, 2011 at 8:36 a.m. ( permalink | suggest removal )
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