Monday Morning Market Memo for Dec 16-22, 2008
Wasilla Real Estate News Memo for Dec 16–22, 2008. These are the statistics for single family residential homes in the whole Mat-Su Borough for the week.
This week was a lot better than last week which saw some of the lowest numbers for the last 3 years. Even though this is the slowest time of the year, we may see a resurgence in demand because of the very low interest rates.
|Average Price||Median Price||DOM|
A couple of $400K homes pended this last week which is a good thing. Demand has been slower on those homes and buyers have a lot of choices.
Demand is still pretty good for homes under $250,000. The market is competitive for sellers at all levels however. Buyers will tend to walk away from offers fairly quickly. So if you are a seller, market your home with a good sales price and don’t turn up your nose at buyers. The next one may not come along for awhile.