Wasilla Real Estate: Monday Market Memo 1/1-1/7/2008 | Wasilla Real Estate News, Valley Market Real Estate

Wasilla Real Estate: Monday Market Memo 1/1-1/7/2008 January 7th, 2008

These are the real estate stats for the first week of 2008. New listings are starting to hit the market. More than twice as many new listings came on the market compared to the previous week.

But we had enough properties leave the market so that the total active listings actually dropped for about the 5th week in a row. We have about 7 months worth of inventory at this week’s level of absorption. That is still a buyer’s market.

		Average Price	DOM
New	28	$242,629	.
Total Active	650	284,608	162
Pending	17	$189,341	137
Closed	22	$197,560	98

There are a lot of new listings in the works right now. I’m sure we will see quite a few more choice properties hit the market in the next couple months.

Interest rates are very low right now. If you haven’t been paying attention you might be surprised to find that 30 year fixed mortgages can be locked in at 5.6% and it might go lower.

Written by Marty Van Diest 1 Comment »

This entry was posted on Monday, January 7th, 2008 at 11:03 pm 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.

Pensacola Real Estate News said at January 9th, 2008 at 6:59 pm
Very typical of the new year. A lot of people have been sitting it out through the holidays and then list their home first thing in the new year. I’m seeing similar increases to the Wasilla real estate market in my market also.