New Home Sales in Cabot Arkansas
It has been a while since I wrote a post that focused new construction homes in Cabot. In October there were 15 new construction homes sold in the Cabot area. That only includes homes that were sold by agents and were listed on the MLS. In October of 2007 there were 22 new construction homes sold in the Cabot area. In October of 2006 there were 27 new construction homes sold in the Cabot area.
These numbers show a consistant decrease year over year in the Cabot area. This year to date there has been 199 home ssold in the Cabot area. Last year from Jan. 1 to Nov. 7 there were 260 new construction homes sold in the Cabot area. That is a 23% decrease in new construction homes compared to last year.
Economist predict that the real estate sales are expect to be down through 2009. I will continue to give market reports to check on local trends.
Good day