Market Memo
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Almost the exact same week as last year. Except there are 55 more houses for sale.

New listings, pendings and closings all landed within one unit of August 2025. Active inventory did not. Here is what that gap means if you are pricing a house this fall.

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Straight from Marty, camera in hand

Everything below is pulled straight from this week's numbers and this week's tip.

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This Week by the Numbers

August 17 to 24, 2026
New Listings
55
Homes listed
Average Price$503,000
Pendings
45
Under contract
Average Price$507,000
Closed
44
Sales recorded
Average Price$456,000
Active Inventory
586
On the market
Average Price$551,000

Figures cover the week of August 17 to 24, 2026.

Year Over Year

Same week, 2025 against 2026
Comparison taken August 24 and 25
Metric 2025 2026 Change
New Listings 54 55 Up 1
Pendings 46 45 Down 1
Closed 44 44 Flat
Active Inventory 531 586 Up 55 (10%)

Three of the four numbers came in within a single unit of last August. That is about as close to a repeat week as this market gets. The one line that moved is inventory, up roughly 10 percent, and inventory is the line that changes how a house should be priced.

Two Realtors for Every House

Mat-Su Valley, Anchorage and the Kenai Peninsula, combined
2 : 1
Licensed realtors for every home on the market

Add up the three regions and there are roughly 1,200 homes for sale across Southcentral Alaska right now. Working that same ground are roughly 2,400 licensed realtors.

Do that division and you have the number that explains most of what agents are feeling this year. It also explains why the agent you hire matters more in a market like this one than it does in a market with plenty of houses to go around.

Homes on the market ~1,200
Licensed realtors ~2,400

Rounded counts across the Mat-Su Valley, Anchorage and the Kenai Peninsula. Approximate by design, not precise figures.

Where the Inventory Sits

Homes on the market, by region
Mat-Su ValleyPalmer, Wasilla and out
~580
AnchorageCitywide
~380
Kenai PeninsulaPeninsula wide
~250 to 270
All Three RegionsSouthcentral total
~1,200

Marty's own rounded counts, taken this week. Treat them as ballpark, not as reported MLS totals.

The Long View

Where all the houses went
Back in2019
Inventory across these three regions ran roughly double what it is today, and Anchorage alone was running close to triple its current count. Realtor headcount was about the same then as it is now.
Today2026
Roughly 1,200 homes across the same ground and roughly the same number of agents chasing them. The houses left the market. The agents stayed. That is the whole shift in one sentence.

Why the houses are not coming back yet

Rates today sit roughly in the mid 6 percent range and push toward 7. A very large share of owners bought or refinanced between 2020 and 2022 at rates well under that, and they are simply not selling. That rate lock is a big part of why inventory has stayed thin and why prices have held up even with financing costing more than it did.

What It Means

Read this part twice if you are moving this fall
If you are selling

A shortage market, not a bidding war market

Those two things get confused constantly. There are not enough houses, but buyers are not throwing money at anything with a roof either. Price it right and it sells. Overprice it and it sits, sometimes for months, until the price comes down to where it should have started.

The good news on the closing side: 44 sales closed this week, which means closings are catching up to pendings after a slower start to the year.

If you are buying

More to choose from than last August

Fifty five more homes on the market than a year ago is real progress, and it is the first stretch in a while where buyers have had genuine choice. Use it.

Just know that new listing flow slows down seasonally from here, so the pool you are shopping today is close to the best selection you will see before spring. The market changes with winter, it does not stop. Serious buyers keep moving, and so do serious sellers.

If you price your house right, it will sell. If you overprice it, it might sit for a while until you get it down to where it should sell.
Marty Van DiestValley Market Real Estate

Tip of the Week

Three things to do before the snow flies

If there is any chance you list in the next twelve months, this is the window. Every one of these gets harder, more expensive, or flat out impossible once the ground goes white.

01

Shoot your photos now

Green grass sells. A driveway in January does not. Get your listing photos taken while the yard still looks like a yard, because by the time New Year's rolls around, summer feels like a distant memory to every buyer scrolling listings.

02

Check your grading

While you can still see the ground, walk the perimeter. You want a positive slope carrying water away from the foundation, not running back toward it. Once snow covers everything, judging that slope is close to impossible, and drainage is one of the first things an inspector looks at.

03

Mark your septic risers

Find every standpipe and riser on the property and mark them so they can be seen. If yours were cut off flush with the grass so the yard could be mowed, that is exactly the case that needs a marker before the whole property turns into one flat white sheet.

Timing Best done by the end of September. Absolute latest, the end of October.

I can tell you stories about jackhammering a backyard at twenty below trying to find septic tubing. That is a nightmare, and it is a hundred percent avoidable.

Marty Van Diest

Thinking about listing this fall?

Pricing is the whole ballgame in a market like this one. If you want a straight answer on what your house should list at, and what it will actually take to move it before winter, call us. No pitch, no pressure.

“We care about our clients long term. We will help you, not sell you.”