2017 Mat-Su Real Estate So Far…

440 Caribou
Palmer
$199,000

We are only 1 1/2 months into 2017 but I want to take a look at a few trends and show how they are different from 2016.

I do the Market Memo each week.

Here it is from yesterday.

I noticed while doing the memo that fewer people than I expected have been putting their homes on the market . I also noticed that there seemed to be fewer houses going into contract, (pending). So I took a look at the last five years to compare.

Here is the table below showing those five years.

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YearPendingNew List
2017189229
2016224271
2015229287
2014183270
2013175237

 

As you can see, the total pendings for this year are lower than the last two years but not really out of line for the last five years.

What is different is the amount of new listings. Why have so any people kept their homes off the market compared to the last five years? I don’t have a good answer to that…do you?