Mat Su Valley Market Watch

First Quarter Statistics 2009

The first quarter of 2009 certainly started out slow.  The chart below shows the changes in the market from the first quarter of 2008 as compared with the first quarter of 2009.  The number of homes on the market has increased significantly and the number of sales has declined.  The volume of residential sales is down by 21% and the number of licensees has gone down 11%.

Where is the good news?  So far the sales in the month of April are outpacing last year by 10%.  With the $8000 tax credit available to first time home buyers, low interest rates, and a lot of inventory to choose from we are hoping the recent flurry of activity continues through 2009.  

If you have specific questions about the real estate market, please email me at Kristan@KristanCole.com

See below to find the absorption rate chart for this month’s Wasilla and Palmer markets. I havecompiled this data using the local multiple listing service and documented the data in this easy to read chart.

The definition of absorption rate is the number of weeks it takes to sell the current inventory at the present rate of sales. Absorption rates tell us how many months of supply is on the market based on historical data. For our purposes, we are tracking data over the last 12 months.

Residential Market

* Pendings – no sold.