End of the Year Cabot Arkansas Real Estate Figures
I like to write a monthly blog post about the Cabot real estate market and how it is doing. This helps to look at specific numbers for the area we live and work in. I really enjoy looking at annual real estate figures to help get an idea of ow the overall real estate market is doing in Cabot.
Without looking at the numbers, home sales felt like they were up in the Cabot area this year compared to last year. I am just using our office totals when coming to this conclusion. The Cabot Crye-Leike office closed more real estate transactions this year than last year.
Enough chit chat, let's get to the numbers. I am going to do the total number of Cabot home sales this year compared to the previous five years. These figures should help us get an idea where the Cabot real estate market is headed.
Total Sold Cabot Arkansas Homes 2011 725
Total Sold Cabot Arkansas Homes 2010 738
Total Sold Cabot Arkansas Homes 2009 940
Total Sold Cabot Arkansas Homes 2008 842
Total Sold Cabot Arkansas Homes 2007 967
Total Sold Cabot Arkansas Homes 2006 1,063
I guess I was wrong on what I thought the overall numbers were going to look like. This year was the lowest number of overall homes sales in the past six years for the Cabot real estate market. I feel the 2009 numbers are inflated because of the first time home buyer tax credit that was in effect during that time period. There is a large difference in overall home sales when the Cabot real estate market was sprawling in 2006 to now. About a 32% drop in total home sales.
These figures are based upon Cabot home sales recorded in the multiple listing service.