Mixed Blessings

The news is mixed in real estate. Sales are up, but prices are down. First Time home buyers are settling in and move-down buyers are taking advantage of the bargains. Alaska Markets rarely follow outside trends, but in this case they are following on a slower track. Prices have not dropped as much in Alaska as they have outside, but they are down.

The Alaska real estate market is still correcting itself. The number of homes sold since the beginning of the year is down 17% from last year at this time. There are still many distressed properties on the market, complicating things even further. If you want more specific information, please contact me.