Here is the current market update for single family homes in the Anchorage area. The numbers still look really good, but not quite as good as a month ago. November 13th, we saw an average price of $461,729 and homes selling in 18 days for 100.5% of list price.
So, we are seeing a slight adjustment but so far there is no sign of any type of significant market decrease. We are moving toward a more balanced market. There is less inventory now, as we had 457 homes on the market a month ago. From everything I’m hearing from economists I don’t think we will be seeing a housing crash anytime soon.