Monday Market Memo on a Thursday

These are the statistics for Palmer, Wasilla and the rest of the Mat-Su Borough for April 21-27, 2009. I have had some computer problems so this memo is late.

Fifty Three new listings and thirty three pendings for the week prove that the real estate market is heating up along with every thing else this spring. I even turned my air condition on for the first time yesterday.

 

Average PriceMedian PriceDOM
New53$309,959$220,000.
Total Active801$285,315$239,000139
Pending33$217,354$209,90082
Closed15$203,593$190,00078

Our total inventory passed the 800 mark for the first time this year. It will probably remain in that area until fall.

There was one listing over $2 million that hit the market this week. That tended to skew up the averages but it didn’t change the median range at all.

Note that the closed sales still remain around the $2K mark. That is the bullse ye of the current market.

Give me a call at 232-7900 if you have any specific questions about today’s real estate market.

This representation is based in whole or in part on data supplied by, and to, the subscribers of Alaska Multiple Listing Service, Inc. (AK MLS, Inc.). AK MLS, Inc. does not guarantee nor is it in any way responsible for its accuracy. Data maintained by AK MLS, Inc. is for its own use and may not reflect all real estate activity in the market.