Monday Market Memo for April 12-19, 2010

These are the real estate statistics for the last week. The inventory is up substantially, 70 new listings this last week-wow!

Pending sales are also healthy and is probably a function of the tax rebate deadline at the end of this month. If you aren’t in contract by the end of April, you miss out on the rebate.

Average Price Median Price DOM
New 70 $253,293 $225,000 .
Total Active 805 $278,391 $240,000 133
Pending 30 $235,465 $230,000 118
Closed 19 $197,332 $180,000 95

DOM, (days on the market), is down but that is probably caused as much by the huge influx of new listings than by an increased sales volume. May will tell our story for the year, will this continue to be an up year or is it a figment of the “STIMULUS”.

I showed 10 houses in the high $200K price range this week. There are some NICE houses out there in that price range.

I should have the DEALS OF THE WEEK done by tonight. Sign up here if you are not on the list. Just mention deals of the week in the content box.

This representation is based in whole or in part on data supplied by, and to, the subscribers of Alaska Multiple Listing Service, Inc. (AK MLS, Inc.). AK MLS, Inc. does not guarantee nor is it in any way responsible for its accuracy. Data maintained by AK MLS, Inc. is for its own use and may not reflect all real estate activity in the market.