Monday Morning Market Memo, 6-4-07

Monday Morning Market Memo is actually coming out in the evening this week.  I hope all the Wasilla Real Estate News readers will cut me a little slack.  I went camping all weekend at Eklutna Lake with the kids.  We had a good time but got back just this morning so this was delayed.

Here are the updates for this past week.  Notice that all categories are at or near record levels for this year.

     Average Price  DOM
 New 62 $278,847  
 Total Active 817 $308,202  99
 Pending  45 $232,045 67
 Closed  33 $222,928  76

Although we are still listing almost twice as much as we are selling, the market shows some renewed vigor this week.  We broke last week’s record for the amount of pendings.  It looks like we may be getting a little bit of a spring fling, just a little later than normal. 

This past weekend was a little slow according to some anecdotal comments by a few Realtors today.  That stands to reason, buyers were probably out playing like we were.

I had my daughter Tamara chart all the Market Memos so that we can view the trends.  

To the right is the chart of total Active Listings in the Mat-Su Borough since 1–22–07.  Click to expand.   

 

Below is a comparison chart of the New Listings, Pending Sales, and Closed Sales.