Fairbanks and North Pole Market Update

Here’s what you need to know about the Fairbanks and North Pole markets.

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What market trends are we seeing right now in Fairbanks and North Pole? Let’s find out. Right now, we have a pending ratio of about 66.3%, which means our market is moving pretty fast. Meanwhile, we have about one and a half months of inventory. The average days on market is around 26, and the average sales price is around $290,000. This means people are getting around 99.7% of what they are listing their homes for. Even though it’s later in the year, there are still a lot of people looking to buy and not a lot of homes to sell them. Meanwhile for North Pole, we have a 75.9% pending ratio. We’re at 1.3 months of inventory and our average days on market is 12. For both Fairbanks and North Pole, the $180,000 to $190,000 price range seems to be the hottest, so if you have a home you want to sell in this range, now is the time. If you have questions about anything, please give us a call. We are always willing to help.

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