Here are the statistics from the MLS system for this week. As you can see, things are cooking right along. There is a slight increase in the amount of pendings and closings.
The one thing to notice this week is that days on the market is going down. That would indicate a more active market. It can also be the result of people giving up after trying for many months to sell.
They have either left the market entirely or re-listed their home with someone else. Hopefully if they re-listed it is for a lower price. It is mainly the price that sells a home. You can market and stage your house all you want, but if the price is to high, it won’t sell.
I use both the Anchorage and Valley MLS systems to do this analysis. I notice quite a disparity among the two. For example, this week there were 48 new listings in the Valley MLS and only 38 new listings in Anchorage.
When I compared to determine which listings the Anchorage system was missing I was startled by the fact that both were quite different. There were actually 22 listings that were either not in the Anchorage system or the Valley system. The Valley was missing 6 of Anchorage’s and Anchorage was missing 16 of the Valley’s.
This is caused by two problems
Bottom line: Buyers should use both the Valley MLS system and the Anchorage MLS system to search for homes. If they don’t, they aren’t getting the whole story.
Any thoughts? Make a comment.