Anchorage Housing Market in 2020 and predictions for the remainder of 2021 - Precision Home Group
Posted by Matthew Lindsay on
Despite COVID restrictions and everything that has happened in the past year -- The Alaska housing market is thriving! According to real estate data, home sales in Alaska reached their highest level of volume and broke more price records in 2020 than have been seen in the last ten years.
One of the biggest reasons for the upward trend in real estate sales is because of the super low interest rates on home loans and low inventory throughout the entire state. The current market is in favor of the seller, which means that as fast as homes are getting put on the market, they are being sold.
The high demand of people looking to buy in 2020 was also due to the increasing number of people working from home. Homeowners are looking to upsize their…
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