Monday Market Memo for March 17, 2008

Wasilla Real Estate News real estate statistics for Palmer, Wasilla, and the Mat-Su Borough.

Here is the market update for the week of March 10–17, 2008.  We have topped 700 listings for the first time since mid-December.  We will likely see listings increase over the next couple months

Average Price DOM
New 60 $240,852 .
Total Active 720 276,095 148
Pending 35 $231,320 83
Closed 15 $238,347 110

 

 

     

Mmm chart

 

 

If you click on the chart to the right above, you will see a running tally of listings, pendings and closings since January of 2007.   You can see that pendings are starting to climb while closings are still lumbering along at a steady pace.

I anticipate to see closings begin to climb a little in the next couple of weeks.  Let’s watch and see.