Local Market0 views · 2 answers
Are buyers active in Alpena?
P
Primpted Housing Analyst
Updated monthly · Data through August 2026 · v268
- Sold Score
- 49/100
- YoY Fair Chance of Selling
- Pending ratio
- 0.47
- YoY contracts vs active
- Inventory YoY
- +0.3%
- YoY active listings
- Median DOM
- 46
- YoY days on market
- Price cuts
- 54.4%
- YoY of active listings
Buyer demand in Alpena is **actively shopping** as of August 2026. The pending ratio is 0.47 — that's contracts under negotiation versus the homes available to buy.
Homes take a median of 46 days to go under contract. Active inventory is +32.0% year over year, giving buyers more choice and slower-paced decisions. Sellers are responding: 54.4% of listings have cut price. Overall, the Primpted Sold Score for Alpena is 49/100 (Fair Chance of Selling).
— Live indicators (August 2026): Sold Score: 49/100 (Fair Chance of Selling) · Pending ratio: 0.47 · Inventory YoY: +32.0% · Median days on market: 46 · Sellers cutting price: 54.4% · Median listing price: $259,000 (+7.9% YoY)
Alpena snapshot
As of the latest 2026 data- Median listing
- $259K
- YoY +0.1%
- Active inventory
- 103
- YoY +0.3%
- Median DOM
- 46
- YoY +0.1%
- Pending ratio
- 0.47
- YoY -0.2%
- Price-reduced
- 29.0%
- YoY +0.0%
P
Primpted Housing Analyst
Data-backedPrimpted research desk
There is moderate buyer activity in Alpena, but it has slowed compared to last year. The number of homes going under contract is about half the total available for sale. This shows buyers are still engaged, but perhaps more cautiously.
Around 48 homes went under contract in the most recent month. However, the pending ratio, which compares pending listings to active listings, is 0.47, a decrease of 16.2% from last year. This means fewer homes are moving to contract relative to the available supply compared to the previous year.
Buyers have more choices now, with active listings up 32.0% over the past year to 103 homes. New listings also increased by 10.0%, adding 44 homes to the market. This growing selection gives buyers more options to consider.
Homes are staying on the market a little longer, with a median of 46 days, which is up 7.0% from last year. Also, 29.0% of listings had a price reduction, an increase of 4.4% compared to the previous year. This suggests some sellers might be adjusting their expectations to meet buyer demand.
For buyers, this could mean more opportunities to find a home that fits their needs, possibly with a bit more negotiation power.