Monday Market Memo for the week ending May 5, 2008. These are the statistics for the Mat-Su MLS for this week.
Well we went over 800 for our total inventory for the first time since last summer. That was to be expected. I think we will stay above this number for the rest of the summer.
|
|
Average Price | DOM | |
| New | 52 | $260,989 | . |
| Total Active | 801 | 281,666 | 133 |
| Pending | 24 | $272,549 | 70 |
| Closed | 34 | $228,544 | 76 |
There were only 24 pendings this week which is less than I expected. This weekend has been very busy with a lot of showings. I expect this activity to turn into pendings this week. I was surprised at how many high end houses were shown over the weekend. People were writing offers on these $400K+ houses as well.
The sun is out, the real estate market is warming up.
