Understanding Current Market Conditions

Spring finally decided to show up! It's been a long winter here in Southcentral Alaska, and these longer days, sun, and greenery are a much welcomed reprieve. We are in a very unique market right now with low inventory, higher prices, multiple offer scenarios, and a lot of people cautiously entering the market or waiting to see if market conditions change.

 

Alaska has always ebbed and flowed with the real estate market, following our seasonal changes. We typically see an influx of listings and a higher number of transactions come spring and summer, and this year is no different. We are seeing those increased numbers on the same annual cycle, but year over year, we have been seeing a decline in the…

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