Tait Zimmerman's Market Report

Palmer, AK

Single-Family Homes

Advantage Alaska Real Estate | 907-519-0043



Palmer, AK

Sun Aug 18 2019
This week the median list price for Palmer, AK is $324,900 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 150. Click here to stay informed with the Palmer market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Palmer, AK

Sun Aug 18 2019
This week the median list price for Palmer, AK is $324,900 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 150. Click here to stay informed with the Palmer market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Palmer market.
Median List Price $324,900
Per Square Foot $163
Days on Market 109
Price Decreased 43%
Price Increased 5%
Relisted 7%
Inventory 150
Median House Rent $1,775
Most Expensive $2,300,000
Least Expensive $69,000
Market Action Index
Slight Seller's Advantage
33

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$549,999 3,003 1 - 2.5 acres 4 4 9 1 3 145
$375,000 2,312 1 - 2.5 acres 4 2 4 3 0 147
$289,999 2,044 0.5 - 1 acre 3 NaN 15 1 4 91
$241,950 1,613 0.5 - 1 acre 3 2 21 7 2 57