Palmer, Wasilla and the Mat-Su Borough Residential Real Estate Statistics for the week of Sept 1-7, 2009.
This week only saw 17 new listings. That’s low. If that rate continues our inventory will drop quickly. The pendings and sales were almost identical to last week which means the sales rates are continuing at a pretty healthy pace.
Many people are still looking for homes to close before the first time home buyer stimulus runs out on November 30.
|Average Price||Median Price||DOM|
So far, interest rates are hanging in there. House prices are not tanking, in fact, we are seeing multiple offers on some homes. Realistic sellers are receiving offers within reasonable time periods. Buyers are almost always trying real low offers at first but coming up to an offer acceptable to the seller if they are serious about purchasing a home.
However, the fact that the Days on Market, (DOM), number continues to get larger tells us something. It tells us that there are still more sellers than buyers and that sellers need to be realistic when they try to market their home. Buyers are shopping and if your home is not in top condition and priced competitively, it’s going to become a sign post rather than a sale.
Based on information from AK MLS, Inc. for the period but not compiled or published by AK MLS, Inc. Data maintained by AK MLS, Inc. may not reflect all real estate activity in the market.