MAUMELLE, Ark. (KTHV) - If you are looking for a new home, now could be the time to buy. But declining home values in Arkansas aren't good news for everyone.
According to CoreLogic, average home prices are up across the country. They're 7.4 percent higher compared to prices last summer. But in Arkansas, home prices have gone down by 2 percent.
"There's not one thing in particular to pinpoint, just a lot of people decide to sell at the same time," said broker Kim Burkes.
In 2014, 269 more homes were listed than in 2013, but the average sale price has gone down from $192,624 to $184,070, according to the Cooperative Arkansas Realtors Multiple Listing Service.
"Some of those may be foreclosures and short sales which brings the general price down," Burkes said.