Fairbanks, Alaska Market Update Nov 16th

The number of homes sold dropped for the second straight week to a low of sixteen. The average sales price rose almost 10% to $214,253 while the days on the market increased 37.5% to an average of 66. The number of active listings is also up to a total of 552, putting the absorption rate this week at 4.8 months. 81% of the sales occured in Fairbanks with only 1 new construction property closing out of almost 140 on the market.

Homes Sold Week Ending November 16, 2007

Average Sales Price Week Ending November 16, 2007

Average Days On Market Week Ending November 16, 2007

Jesse & Kathy Clifton, better known as 'The Spouses' are full time Realtors serving Fairbanks Alaska buyers and sellers. They specialize in residential real estate; new and existing construction as well as undeveloped land in Fairbanks, North Pole, Ft. Wainwright, Eielson Air Force Base and Interior Alaska. Visit their website to review the fee market reports designed to keep you updated on the local Fairbanks Alaska real estate market. Have specific questions? Feel free to contact them anytime. They would love to hear from you. Tour Alaska on The-Spouses.com - Search Fairbanks MLS View Our Virtual Relocation Package