Market Memo November 20, 2023

Whew! I hope everyone survived the windstorm without any major damage. it's always concerning when the power goes out in the middle of a wind storm and frigid temperatures. How many people vowed to make some preparations for next time? I know I did.
I'm working on a new video about the Matanuska Wind. Here is one I did 13 years ago...https://www.youtube.com/watch?v=eNCjsMaeX94
The market is pretty normal..for the new normal. Which means low inventory. Last year the total was 371, it's 366 now. So not a whole lot of difference. Interest rates are in the high 7s, which believe it or not, is close to the 30-year average...look here: https://docs.bombbomb.com/ulib/s7fbdn/docs/f95fd85c-1d14-6a6c-54c6-5fc602d84aaa/30mortgagerateaverage.pdf
If interest rates drop, or if inventory rises significantly, or the average days on market goes up to 140+ we will see some changes. Until then, lets get with the program! People still need to live somewhere, and people still need to sell.
Call us if you want to sell or buy a house. Just go to our contact page here: valleymarket.com/contact-us/

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See All our listings here: https://valleymarket.com/featured-valley-market-listings/
PS I mentioned a link to sign up for the market memo...if you are reading this you already have it, but you can forward to a friend and they can sign up here: https://app.bombbomb.com/app/form/?form_id=43b8c99a-4fcf-8eee-1c6f-a348e70a2ff4

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This representation is based in whole or in part on data supplied by, and to, the subscribers of Alaska Multiple Listing Service, Inc. (AK MLS, Inc.). AK MLS, Inc. does not guarantee nor is it in any way responsible for its accuracy. Data maintained by AK MLS, Inc. is for its own use and may not reflect all real estate activity in the market.

Видео Market Memo November 20, 2023 канала Valley Market Real Estate