Real Estate Blog

August 2025 Market Insights for Anchorage & Beyond

Anchorage Market Report - August 2025

Alaska, as a whole, has a seasonal market that shifts from summer to winter, with many more transactions occurring in the summer months than in the winter. We still see sales take place, just fewer sellers and buyers transacting during the winter. That hasn't changed over the years, but whether it's a buyer's or seller's market does change in response to the economy.

As of August 2025, the market is in transition. Inventory is slowly growing while prices are modestly expanding. However, the sales volume is nearly identical between August 2024 and August 2025.

Where Homes Are Selling Fast vs. Slow: Considering Days on Market (DoM), which is an excellent indicator of market health, our core markets are holding strong and consistent across South Anchorage through midtown. Meanwhile, outside Anchorage proper, there has been an increase in Days on Market. Chugiak/Peters Creek saw DOM triple year-over-year (8 to 24 days). At the same time, Girdwood and Turnagain Arm remain at a low 4-day average.

What’s Driving Prices in 2025 - Homes between $300,000 and $500,000 continue to dominate the market and the bulk of the sales. This year, Luxury sales were fewer, especially those in the $1 million+ range; however, the luxury homes that did sell in 2025 sold slightly faster than they did last year.

How Buyers Are Financing - We are starting to see changes in financing, which indicate the overall financial abilities of buyers. We are seeing a drop in conventional loans and an increase in FHA and VA loans, allowing buyers to utilize lower down payment options. Cash deals remained steady; however, creative financing nearly doubled, with seller financing being the top choice.

Inventory Changes - The single-family market remains healthy, with an 8% increase in sales year-over-year; however, appreciation is slowing, particularly at the upper end of the market. Condos are starting to rebound as buyers have taken advantage of these options for affordability reasons. Multifamily demand remains very high, as buyers continue to move quickly, especially for properties priced well and in excellent condition.

Outlook for Anchorage & Southcentral Alaska

1. Inventory is normalizing — buyers now have more options than at any point in recent years.

2. Prices remain resilient — slowing yet steady appreciation despite longer market times.

3. Condos and multifamily will drive growth — affordability and rental demand are fueling momentum.

4. Luxury softening — fewer million-dollar closings, though correctly priced listings are moving faster.

5. Buyer leverage is increasing — longer DOM and expanded supply create negotiation opportunities.

What’s Ahead for Anchorage:

Expect steady but moderate appreciation through the end of 2025, with condos and multifamily continuing to outperform. Single-family homes are expected to remain stable, but luxury and outlying markets may experience longer selling times.

Final Word

Anchorage and Southcentral Alaska are transitioning into a more balanced market. Sellers must be strategic in pricing, while buyers gain leverage with more choices. Investors are doubling down on multifamily, and first-time buyers are finding more opportunities through VA and FHA programs.

The fundamentals remain strong, and for both buyers and sellers, this is a market where preparation and strategy matter more than ever.

Thinking about buying, selling, or investing this fall? Contact us today for a customized market analysis tailored to your home or investment goals.