Pulaski County is currently showing a neutral market, with conditions balanced between buyers and sellers. The market gauge sits near the midpoint as inventory and demand are relatively aligned. With months of supply at 4.9, the area is just under the broader Arkansas level of 5.3 months.
Home values and asking prices have moved higher over the past year, but not at the same pace as earlier boom periods. The typical home value is up about 14 percent year over year, while the median list price has risen a more moderate 8 percent in that time. At the same time, homes are taking longer to sell, with median days on market climbing to 61 days, about 10 percent slower than a year ago. Fewer properties are closing each month, as homes sold are down slightly year over year and new listings have fallen by around 11 percent.
Buyers are seeing a bit more negotiating room, reflected in an average sale-to-list ratio under 97 percent and only about 11 percent of homes selling above list price. However, active listings have increased modestly over the year, which gives shoppers more options while still supporting prices for sellers. Conditions can vary by neighborhood and price point, and Agent Pronto can connect both buyers and sellers with an experienced local agent who understands these Pulaski County trends.
