August 2023 Market Update



We are coming towards the end of summer here in Alaska, and before you know it, fall and winter will be setting in. The state fair is starting soon, school is about to start back up, and moose season will be starting before you know it. As we all work to get our last moments of summer in, the same can be said about home buyers trying to find the perfect property and close before the snow flies.

 

Across Alaska and the nation, we are still seeing the same low supply we have been experiencing all year. Nationally, our housing inventory is down about 20% from 2022, and in Alaska, that number is closer to 35%. That low inventory mixed with the same demand has steadily increased prices and kept a competitive market even…

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