Real estate in Anchorage, Alaska is on an upswing, according to the latest figures by Realtor.com. The latest report from March 2013 shows that Anchorage sellers are much more optimistic about the market than they have been in previous years. And though it is true that the national housing industry fell by 15% from this time last year, the number of listings in Anchorage has actually increased by 2.36% since February of this year.
The most interesting factor affecting real estate in Anchorage, Alaska is the month-over-month increase in home listings. This is due to a combination of increased home listings and a willingness by sellers to take advantage of those higher listings. How much have those list prices increased by? We are seeing a .05% increase, both month-over-month and year-over-year. Anchorage now matches the national average listing price of around $190,000. Another point of interest is the median age of inventory, which dropped to 78 days, which is a decrease of just over 20% since February of 2013.
With real estate in Anchorage, Alaska increasing to a tune of 2.36% month-over-month, this seems to reflect a rise in new property listings since March of 2013. Still, there are fewer homes on the market than this time last year, about 15% less to be exact.
Yet with the median age of housing inventory decreasing year-over-year by just over 12%, the amount of time homes are left sitting on sale have dropped by 20% since last month, which suggests that we may be on the cusp of a recovery of real estate in Anchorage, Alaska.
There is also a new trend in median list pricing this year. Since the beginning of 2013, Realtor.com has stated that 146 of the realtors the site monitors have experienced an increase in list prices year-over-year. Meanwhile, the number of markets that experienced decreases in listing prices decreased since last year.
The Realtor data shows that out of the 36 of the markets that registered year-over-year decreases in median list prices last month, only six experienced a decline that was above 5%. This implies that we may soon see renewed appreciation of real estate in Anchorage, Alaska this year.
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