Thu Sep 24 2020
This week the median list price for Fairbanks, AK is $217,400 with the market action index hovering around 42. This is an increase over last month's market action index of 38. Inventory has held steady at or around 40.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$217,400|
|Per Square Foot||$119|
|Days on Market||74|
|Slight Seller's Advantage|
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$361,700||2,961||1 - 2.5 acres||4||3||36||1||1||75|
|$247,400||2,268||8,000 - 10,000 sqft||4||2||50||1||1||57|
|$184,450||1,606||0.25 - 0.5 acre||3||1||45||2||1||63|
|$97,500||890||5 - 10 acres||2||1||23||0||0||101|