The number of homes listed for sale in Alaska MLS Inc stood at 1202 at the end of September. This is the fourth month in a row that the inventory has come to rest at this same level.
There was a surge of new inventory beginning in late spring. The number of homes for sale has doubled. Everyone's been talking about it. We are still a couple hundred listings below what was "normal" in the decade of the 1990's, however. I would characterize the current decade as an abnormal market.
A reporter asked me yesterday, in connection with the interview I did for Channel 2 news, if there are more buyers than sellers in the market. I'm not sure how to measure that. But I would interpret the leveling of the inventory as a sign that buyer demand and seller supply are back in balance.
There's usually a decline in inventory during the winter. There are a fair number of "wanna-be" sellers with overpriced property listings out there. If they don't achieve their unrealistic objectives this month, many will give up.
Sellers who want to create a sale face less competition during the dark months. Buyers at that time of year can expect to find good values then, too.
Right now is actually a good time for the value-conscious buyer. Good properties are still available; not all the best properties have been chosen. A buyer who deals with a seller who is committed to creating a sale before winter can be pleasantly surprised.
For full property searches, virtual tours and many other Anchorage real estate resources, visit RealS8.com.
Subscribe to:
Post Comments (Atom)
1 comment:
Hi just visited this great Real Estate website called khichdee.com. They have Apartment, Bunglow, Factory, Industrial Plot, Office for sale, lease, rent everything you need. They also have very easy parameterized search is available there.
http://www.khichdee.com/maincat-id-2.htm
Post a Comment