What’s Happening in the Anchorage Market?


Manage episode 189352801 series 1404966
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It’s time for another quick market update for the Anchorage area.

There are many great Anchorage area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (907) 240-2804 for a FREE home buying or selling consultation to answer any of your real estate questions.

It’s time for another market update for the Anchorage area.

Right now we have about 1,000 properties on the market, 35% of which are already under contract. About 360 properties have buyers who have written contracts on them.

We have close to 2.9 months of inventory on hand; if no other properties went on the market today, we'd have enough housing available for roughly three months. This is a very healthy level, and is considered more of a seller’s market, though that’s not what we’re seeing in the economy today. It’s been very give-and-take: the buyer gives a little, the seller gives a little, and everyone walks away happy.

If no other properties went on the market today, we'd have enough housing available for roughly three months.

The average sales price for the area is around $360,000. Sellers are getting about 99% of the last list price.

The average days on market of what homes sold is about 43 days, and the average days on market of what’s currently active is about 84 days.

The discrepancy between the two figures is due to the fact that the properties that are on the market right now usually have had longer marketing times because we have many homes out there that are overpriced, or the condition of the home doesn’t warrant the price. The active days will typically always be longer than the days sold. If the property is in good condition, it’s going to sell quickly.

If you have any other questions, or you’d like to talk with me, please feel free to give me a call or send me an email. Have a great week!

35 episode