Monday Market Memo for June 30-July 7, 2008
Here are the Mat-Su real estate statistics for the week.
The total inventory dropped for the second week in a row. With 37 pending and 32 closed for the week we are seeing relatively healthy numbers. Mid-summer sales are usually a little slower than spring and fall sales but this years seems to be a little different.
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Average Price | DOM | |
| New | 49 | $267,340 | . |
| Total Active | 898 | 285,467 | 129 |
| Pending | 37 | $234,000 | 63 |
| Closed | 32 | $223,071 | 95 |
Most people that are interested in getting into a house before school starts should go into contract within the next two weeks. People will be trying to do that so the pending sales will probably remain at a higher point for the next two weeks.
Take a look at tomorrows post on how one investor is successfully selling his inventory very easily and quickly even in a slower market.
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