Are buyers active in Anchorage?

The Anchorage housing market is quite active right now, with buyers quickly putting homes under contract. This strong activity suggests it's a good time to be a seller as demand is high. There are 892 homes currently under contract to be sold, which is almost as many as the total active listings of 897. This strong "pending ratio" of 0.99 means that for every home for sale, nearly one is pending sale. This shows properties are being snatched up quickly. Homes are also spending less time on the market, at a median of 37 days. This is 7% faster than a year ago, indicating that buyers are making decisions and offers more quickly. Prices are holding steady or increasing slightly. The median listing price is $492,450, which is up 2.1% from a year ago. Even with a good number of new homes coming on the market, prices aren't dropping. While 836 new homes have been listed recently, a 32.3% increase from last year, the overall number of homes for sale has only slightly decreased by 1.2% year-over-year. This indicates that even with more choices, homes are selling fast enough to keep inventory levels steady. If you're looking to buy, know that competition is strong and you'll need to act fast when you find a home you like. If you're selling, this is a favorable time to list your property.