Monday Morning Market Memo, December 7-17, 2007 | Wasilla Real Estate News, Valley Market Real Estate

Monday Morning Market Memo, December 7-17, 2007 December 17th, 2007

The inventory continues to drop for the winter season while the sales appear to hold fairly steady. For the fourth week in a row, there are more closed sales than new listings. This will probably continue well into January.

Once again, it is obvious that well priced, and well presented homes in this market are going to attract attention.

		Average Price	DOM
New	12	$190,500	.
Total Active	743	.	.
Pending	22	$210,579	104
Closed	22	$232,575	95

I notice several homes hitting the market with construction dates of 2008. These are builders beginning new homes now with hopes of selling them in the spring. In addition, several of the pendings are pre-solds. These are homes under contract, but not yet built.

This just points out that while our market is not as strong as it was 2–3 years ago, it certainly isn’t dead. It is still a healthy market even in mid-winter.

Written by Marty Van Diest Please leave a comment.

This entry was posted on Monday, December 17th, 2007 at 11:37 am and is filed under Monday Market Memo. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.