Wasilla Real Estate News, Monday Market Memo – February 5 – 11

Here is the memo for this week. Our inventory is slightly rising, but not all that quickly because we had another 25 houses go into pending status this past week. I know a couple of buyers we are helping wanted to see some houses but they pended before we got into them. If this keeps up we are going to have to jump quicker.

Note that the sold days on market is skewed this week because one property closed that has been on the market for more than 1,400 days. That is a little excessive I would say.

Number of Listings Average Price Median Price DOM
New 25 $292,252 $220,000
Total Active 611 $250,424 $218,000 166
Pending 25 $223,942 $219,900 104
Closed 18 $221,042 $215,500 204

It does seem that the market is picking up. I showed at least 14 homes over the weekend to three different buyers.

I have to run right now to meet a client at another house, So…see ya!

Last Monday Morning Market Memo: January 22-28, 2013

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.