The inventory is dropping. That’s nuts!! The inventory of houses for sale is supposed to be rising this time of year. We, (that is everyone on the MLS), only pended 45 houses in the valley last week. That’s not an astronomical number. We pended 70 in this same week last year and in 2021 we pended 91. Our inventory was higher last year by about 8%, I’ll be honest I expected more houses to be on the market. Competing offers are the norm again. I wrote a blog post about how to win in a competing offer situation. Winning The Competitive Offer. https://valleymarket.com/winning-the-competitive-offer/
I know a lot of other real estate professionals read this Market Memo but I’m laying it out there for you all. These are the most important strategies. I’d like feedback from other real estate pros on these…what am I missing? What are some other possibilities? I’ll include your tips next week. We are going to clean up the parking area by the Matanuska Bridge this Saturday, May 6, at noon. It shouldn’t take much time if we get a few people. Who is coming? Let me know. This is the parking lot on the Butte side of the Old Glenn Highway Matanuska River Bridge. The new construction house in the video is at 3701 N Snow Goose. https://valleymarket.com/homes-for-sale-details/3701-N-SNOW-GOOSE-DRIVE-WASILLA-AK-99654/22-14578/187/
Remember to contact someone at Valley Market Real Estate Until then…call us here are Valley Market Real Estate! Call us if you want to sell or buy a house. Just go to our contact page here: https://valleymarket.com/meet-the-valley-market-team/
See All our listings here: https://valleymarket.com/featured-valley-market-listings/
PS I mentioned a link to sign up for the market memo…here:
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.