According to the Arkansas Realtors® Association, Arkansas home sales in June were up 7.9% from the previous year. This represents the 22nd consecutive month of positive year-over-year changes. The average growth rate over that 22-month period has been 10.2%. The sales total for June was down slightly from the previous month, but the two-month total was the highest May-June combination since 2006. Year-to-date sales were up 12.0% from the first six months of the previous year.
Quarterly seasonally-adjusted data smooth out the seasonal fluctuations and some of the month to month volatility. As shown in the figure below, home sales in 2016 have reached a pace about equal to 2006, prior to the onset of both the collapse of the national real-estate bubble and the onset of recession.