My Favorite Real Estate Market Update

Anchorage, AK

Single-Family Homes

Office 907-746-HOME | https://www.MyFavoriteRealtyAK.com



Anchorage, AK

Thu Sep 24 2020
This week the median list price for Anchorage, AK is $429,900 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has held steady at or around 393. Click here to stay informed with the Anchorage market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Anchorage, AK

Thu Sep 24 2020
This week the median list price for Anchorage, AK is $429,900 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has held steady at or around 393. Click here to stay informed with the Anchorage market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Anchorage market.
Median List Price $429,900
Per Square Foot $202
Days on Market 88
Price Decreased 44%
Price Increased 3%
Relisted 6%
Inventory 393
Median Rent $1,748
Most Expensive $3,800,000
Least Expensive $125,000
Market Action 45
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$754,500 3,697 0.5 - 1 acre 4 3 18 8 5 118
$512,450 2,450 8,000 - 10,000 sqft 4 2 28 7 14 79
$369,700 1,997 8,000 - 10,000 sqft 4 2 45 21 28 82
$257,000 1,301 6,500 - 8,000 sqft 3 2 48 19 21 72