Thursday, June 26, 2008

June 2008 Summertime In Alaska

Technically it is summer. Summer solstice will be here next week and Father's Day is this weekend. But, did someone forget to turn on the sunshine? After a slow cold spring many of us convinced ourselves that sunshine would be just around the corner.
Maybe the lack of sun is the reason record numbers of buyers have been on our website looking at homes this past week? It's true there have been double the number of unique visitors on our site this week. If they are interested in buying a home in the price range above $275,000 they will find a huge selection. Take a look at the number of homes on in the Palmer Wasilla area that came on the market this week, versus the homes that pended and sold:
Total Actives New Actives this week New Pendings & New Solds this week
710 60 22 20
When there are more homes being listed for sale than are pending and selling, we are gaining inventory. This trend needs to change before we will have equilibrium in the market place across all price ranges. As I have mentioned before the bright spot is under $275,000. This price range continues to be a normal market with 2-3 months of supply. Over $275,000 continues to be a challenging market with more homes for sale than there are buyers. If you have questions about your home, email me at or call 373-3575. Kristan

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