Wasilla Real Estate Statistics. May 5, 2008

Monday Market Memo for the week ending May 5, 2008.  These are the statistics for the Mat-Su MLS for this week.

Well we went over 800 for our total inventory for the first time since last summer.  That was to be expected.  I think we will stay above this number for the rest of the summer.

 

Average PriceDOM
New52$260,989.
Total Active801281,666133
Pending24$272,54970
Closed34$228,54476

There were only 24 pendings this week which is less than I expected.  This weekend has been very busy with a lot of showings.  I expect this activity to turn into pendings this week.  I was surprised at how many high end houses were shown over the weekend.  People were writing offers on these $400K+  houses as well. 

The sun is out, the real estate market is warming up.