Well, my appointment this afternoon was cancelled because of rain, I’ll get that Rokon out this evening I think.
I took a look at last year for this week again and was surprised to notice that the average price of the houses for sale last year is higher than the average asking price this year. But we are selling few homes…but a 35% margin. The interest rates put a damper on things.
The total days on market for the houses that did sell also increase by a third. So the market is certainly slowing compared to last year. But the prices aren’t coming down. I don’t think they will come down unless we see a lot more supply. Which is one thing that we don’t have.
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.