Monday Morning Market Memo 2-18-2008

The Real Estate Market Statistics for Wasilla, Palmer and the Mat-Su Borough.  This is posted every Monday, so check back to see what is happening in the Real Estate Market.  Or you can click on the Monday Market link to the right to scroll through the historical posts.

It appears after a slow week last week that the market has begun it’s spring revival.  There are more closings and pendings this week and the total inventory actually went down.  We expect a rising inventory in the spring so it’s good to see it decrease once in a while.

Average PriceDOM
New38$327,357.
Total Active689285,488155
Pending29$216,707113
Closed21$197,884131

The amount of calls in the last week definitely was up.  I believe that we are going in to the busy spring season now.  It will increase in the next month or so, right on through May.