Market Watch First Quarter Marketing Report for Wasilla and Palmer

Residential Real Estate First Quarter 2009

The first quarter of 2009 certainly started out slow. The chart below shows the changes in the market from the first quarter of 2008 as compared with the first quarter of 2009. The number of homes on the market has increased significantly and the number of sales has declined. The volume of residential sales is down by 21% and the number of licensees has gone down 11%. 

Where is the good news? So far the sales in the month of April are outpacing last year by 10%. With the $8000 tax credit available to first time home buyers, low interest rates, and a lot of inventory to choose from we are hoping the recent flurry of activity continues through 2009.

If you have specific questions about the real estate market, please email me.