Anchorage Alaska Homes for Sale
Supply and Demand
Presented by Lonnie Logan an Anchorage Alaska REALTOR with Herrington & Co. LLC and Alaska Multiple Listing Service*
Anchorage Alaska real estate is driven by the supply of Anchorage Alaska homes for sale and the demand for those homes. The fluctuation of supply is currently outweighing that of demand. Meaning supply is low, prices will rise since demand is still steady for new Anchorage home buyers entering the real estate market. Interest rates, employment and the State of Alaska’s economy will have affect on the Anchorage Alaska housing market as change takes place.
The number of active and sold Anchorage Alaska homes in the real estate market is lower than this same time last year. Inventory, or the lack there of is driving todays market. The Federal Reserve increasing rates will slow the market but not to the degree inventory has currently.
If you are an Anchorage Alaska home owner with your property on the market…the buyers are there in force, so you might need to change your condition or price.
Municipality of Anchorage Alaska Homes for Sale
Supply & Demand
The supply and demand numbers show that the bulk of the market is strong for Owners in the price points below $499,000. The column labeled Current Inventory (Months) tells you how many Months it would take to exhaust the current inventory if new homes stopped entering the Anchorage Alaska real estate market. The rule of thumb is under 6 months of inventory is an Anchorage Alaska Sellers market, while inventory over 6 months is an Anchorage Alaska Buyers market. The price points between $500,000 and $800,000 has dropped by a couple of months. Currently that supply is 4.09 months. The strongest part of the market is between $250,000 and $275,000. The weakest part of the market is over $1,000,000 where the disposable inventory is 22.10 months. In summary any property between $180,000 and $750,000 is currently in an Anchorage Alaska Sellers favor.
Eagle River AK homes for sale are also controlled by the supply of homes. Detailed report for Eagle River Alaska
Municipality of Anchorage Alaska Homes
*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). AK MLS does not guarantee nor is it in any way responsible for its accuracy.
Any questions regarding the statistics or the buying process please let us know.