Monday Market Memo – Jan 8-14, 2013

These are the statistics for Wasilla and Palmer Real estate for the week of January 8-14, 2013. These numbers include the whole Mat-Su Borough but most of the activity is between Wasilla and Palmer.

Notice that the total inventory is down. This number will continue to increase as we move into spring. If you want to get in early before the competition, now is the time.

Otherwise, the rest of the chart looks pretty normal.

Below is the chart from the week of Jan 8-14

Number of Listings Average Price Median Price DOM
New 21 $236,030 $226,500
Total Active 606 $248,115 $219,000 176
Pending 19 $233,811 $198,500 156
Closed 14 $256,871 $233,500 86

Interest rates appear to be rising. If this continues the market will slow considerably. It would be best to hit the market sooner rather than later if you are a seller. And the same goes for buyers if you want to lock in a low rate.

Last Monday Morning Market Memo: December 4-10

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.