For Palmer, Wasilla, Houston, Willow, Talkeetna and the whole Mat-Su Borough, here are the stats for the week. These are single family residential homes that have pended, closed or been listed this past week.
Any holiday weekend is usually a little slower for real estate and this one was no exception. There are fewer pendings and fewer new listings this week, people were camping, fishing, or otherwise relaxing. Today is Memorial Day, hopefully most people will be remembering and honoring our fallen soldiers today.
I compared the amount of pendings for the last four weeks of this year to last year. There were 163 last year and 115 this year. That is about a 30% drop in pending sales.
Then I compared the same time frame in closed sales. Last year there were 102 closed sales compared to 113 for this year. So closed sales are up about 10%.
That just shows that one month snap shots don’t tell the tale. We will need to wait until the end of June for a real accurate picture of the year so far…but it does appear that this year is down in total sales compared to the last few years.
This chart shows the first 5 months of every year since 2002. It is a good overall picture of how things look.
Another piece of information from Freddie Mac, shows an optimistic picture of Alaska compared to the rest of the country. Click on it to enlarge, you will notice that Alaska appears to be better off than anywhere else in the country.