Getting Ready to Head Home

Well, our quick trip to Anchorage is almost over. We have a busy day with some last minute tasks over at the Lamplighter property, some errands to do and a final dinner with friends and family. Been a great trip but we are starting to get anxious to be at home and get on with the final few weeks of school and then summer.



I have some new clients I will be meeting with on Monday and Tuesday and I am looking forward to that as well as wrapping up a few things that I have been working on from here. Today’s technology makes it possible to do a great deal but being in your own environment is the most effective.



Not much news in the real estate business these past few days, rates are edging up, there is talk the Fed could or should lower rates and the number of stories about the industry continues to grow. Some reflect growing confidence in a recovery and others saying it may be 2009 before we see any positive changes. In our area I continue to see downward pressure on prices as more homes come on the market and buyers not afraid to make offers significantly below asking prices.

Another Week – More Inventory

The number of homes coming on the market is happening faster than sales, expired listings and those withdrawn by their owners. I the past week, ending May 14th, the number of available homes increased 179 to 16,348. According to HousingTracker we have seen inventory grow 7.1 percent in the past month and is on tract to exceed our record highs we experienced last August.



Surprisingly, the median asking price during this current inventory growth has not changed very much. During the past three months while inventory has grown 25.6 percent the median asking price has only dropped .2 percent, all of which has come in the last month.



Well, it looks like another great spring day in Alaska, the buds that were on the trees when I got here are now leaves and it won’t be long before the grey of winter will be totally gone.