Monday Market Memo for June 30-July 7, 2008

Here are the Mat-Su real estate statistics for the week. 

The total inventory dropped for the second week in a row.  With 37 pending and 32 closed for the week we are seeing relatively healthy numbers.  Mid-summer sales are usually a little slower than spring and fall sales but this years seems to be a little different.


Average Price DOM
New 49 $267,340 .
Total Active 898 285,467 129
Pending 37 $234,000 63
Closed 32 $223,071 95

Most people that are interested in getting into a house before school starts should go into contract within the next two weeks.  People will be trying to do that so the pending sales will probably remain at a higher point for the next two weeks.

Take a look at tomorrows post on how one investor is successfully selling his inventory very easily and quickly even in a slower market.