North Pole and Fairbanks Market Update

Here’s how our North Pole and Fairbanks markets are currently doing.

Looking to buy in Alaska?  Get a full home search
 Looking to sell in Alaska? Get a free Home Price Evaluation

Today I wanted to share how our real estate market is doing.

In North Pole, there are 98 homes on the market and 74 of them are pending, which translates to a 75.5% pending ratio. If you have a house valued between $200,000 and $250,000, that range is at a 100% pending ratio, meaning every property on the market has been sold; that’s how low our inventory is. If you think your home may be in that price range, now is a great time to get it on the market. 

North Pole’s overall inventory is at 1.3 months—we’re running out of houses to sell. The average days on market is 114. No matter your price range, now is the time to sell your property. We say that all the time, but it’s been getting better and better for sellers every day.

We’re running out of houses to sell.

In Fairbanks, we have 176 homes on the market and 119 of them are pending, providing a 67.6% pending ratio and 1.5 months’ worth of inventory. The average days on market is 94 days. Again, the $200,000 to $250,000 price range is extremely hot, so if your house is in that range, you might want to consider selling now. 

Give us a call or send an email if you’re thinking about selling so we can discuss how to get your property sold as quickly as possible for the most money. Also, reach out to us if you have questions about the market or any other real estate matter. We’d love to be your real estate resource.

No comments :

Post a Comment