Is it a BUYERS MARKET or a SELLLERS MARKET in Anchorage?
The National Association of Realtors has long ago established the definition of a Sellers Market as 6 months of inventory or less. And a Buyers Market as 6 months of inventory or more. That means that if not another property came on the market, then how long would it take the “rate of sales” over the last 12 months to deplete all the curren…t homes for sale to zero.
Tonight in all of the Anchorage Municipality - from Girdwood to Anchorage to Peters Creek we have……. drumroll please……..
Homes = 3.87 months of inventory
Condos = 4.8 months of inventory
Income properties = 4.3 months of inventory
Uh…………. that looks an aweful lot like a SELLERS MARKET IN EVERY CATEGORY in all of Anchorage, and at every price range. And, guess what? It’s not much different even if you get into the high priced properties!
The good news is - this information can help both buyers OR sellers depending upon how it is presented - and with what other information it is presented with when making an offer or taking a listing.
Ken Jelinek has been licensed since 1994 & has worked with REMAX Properties, Inc. in Anchorage, Alaska since 1997. You can reach him directly through his web site www.OneGoodRealtor.com or call him at 907-441-9505
The National Association of Realtors has long ago established the definition of a Sellers Market as 6 months of inventory or less. And a Buyers Market as 6 months of inventory or more. That means that if not another property came on the market, then how long would it take the “rate of sales” over the last 12 months to deplete all the curren…t homes for sale to zero.
Tonight in all of the Anchorage Municipality - from Girdwood to Anchorage to Peters Creek we have……. drumroll please……..
Homes = 3.87 months of inventory
Condos = 4.8 months of inventory
Income properties = 4.3 months of inventory
Uh…………. that looks an aweful lot like a SELLERS MARKET IN EVERY CATEGORY in all of Anchorage, and at every price range. And, guess what? It’s not much different even if you get into the high priced properties!
The good news is - this information can help both buyers OR sellers depending upon how it is presented - and with what other information it is presented with when making an offer or taking a listing.
Ken Jelinek has been licensed since 1994 & has worked with REMAX Properties, Inc. in Anchorage, Alaska since 1997. You can reach him directly through his web site www.OneGoodRealtor.com or call him at 907-441-9505
