LITTLE ROCK Ark. (KTHV) -- There is a slope in the housing market for May. The National Realtors Association says previously owned home sales took a dip last month.
The report shows more people bought homes in April instead of May. Realtors say the market is not booming with sales locally but they say May is a better month for them instead of April.
The Arkansas Realtors Association says the number of homes sold in April decreased by 10 percent over a year, while the average price went up 10 percent. But, compared to May 2011 the market is still doing better and home sales are up 9.6 percent. Nationally, this is the 11th straight month of gains compared to last year.
Tanya Brainerd with The Janet Jones Company has been selling homes for 14 years and she says sales are looking up. "I'm seeing a small increase in sales from January 2012 to May 2012 they have gone up a little bit." Brainerd says in Maumelle 39 homes sold in April and that number went up to 44 in May. The average price of the homes sold range from $138,000 to $150,000.
The ARA says nearly 2,000 homes were sold in April compared to more than 2,000 last year.