Active Homes for Sale in Cabot Arkansas, July 2009
I try to post a report about the number of active homes for sale in the Cabot area as often as possible. The last time I reported about the number of active homes, there were 419 homes listed on the MLS in the Cabot Arkansas area. that does not include Mobile homes. The last report was wrote on May 18, of this year.
As of today, July 20 there are 391 homes listed in the Cabot Arkansas area on the MLS. Many economist predict that a shrinking inventory is needed for real estate markets to make a full recovery. The inventory of homes for sale in the Cabot area has been continually shrinking for the past 6-8 months.
The idea is that as supply shrinks the demand will increase. After the demand increases the supply should also increase. I will continue to report about the home sales in the Cabot area. If we can see a consistent increase in home sales, then we may make a steady climb back to 2006 levels. As of today we are down about 9.8% in total home sales in the Cabot Arkansas area.
Good day