Wasilla Real Estate Market Memo

Wasilla and Palmer Real Estate Statistics for the week of June 16-22, 2009

The inventory continues to grow while the real estate sales remain about the same. We have had a similar number of closings and pendings for several weeks now. But our inventory is higher.

That means that there are about the same amount of buyers out there now as there have been in the recent past, but there are more sellers. The buyers have more to choose from and the sellers have more to compete with.

Compared to last year at this same time, the market is almost unchanged. The inventory last June was just over 900 and the closed and pending sales were running pretty close to the average of this summer. The total days on market is higher this year and the sales prices are a lower but the activity is almost the same.

 

Average Price Median Price DOM
New 45 $267,341 $247,000 .
Total Active 927 $291,252 $239,900 134
Pending 30 $224,874 $199,450 95
Closed 20 $231,678 $224,500 98

Feel free to call if you have specific questions about the real estate market, or about specific homes on the market. You can call 907 373-0999 and that will ring both my cell phone or Jay’s or you can call Marty at 232-7900 or Jay at 232-4852