Anchorage Home Inventory Low, Prices Rising

Alaska Real EstatePlayers in Alaska’s construction and real estate industries have positive outlooks for 2013 despite some funding and regulatory uncertainty.

Single-family home sales were up 12 percent in November and the prices of those sales were up 5 percent, Droege said. While they may not continue at that rate, he said he expects those trends to continue.

New home construction in the Anchorage area is also strong because of a lack of available inventory, Droege said. “It’s a really tight market and supply and demand is driving that upward mobility,” he said.

The rise in home prices has allowed some people, who under previous market conditions couldn’t justify selling, to get more favorable offers.

Authored By Elwood Brehmer – See the Full Story at the Alaska Journal

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