The inventory is slowly growing. This is common for this time of year. I expect that it will continue to grow until at least the end of September. But it’s still very low. People don’t want to sell, they want to hold onto their low-interest rate. Can’t really blame them.
I took a look at the percentage of the sales price compared to the asking price. I wanted to see the most recent data so I looked at only the last two months. Here is how it goes:
Year. Total Closed. Price per sq. Percentage of sales price
2023 282 $245 99.1%
2022. 438. $226 100.3%
2021. 408 $190 100.7%
2020. 354 $163 97.8%
2019. 160 $160 97.1%
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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.
