Market Conditions Report January 2, 2008 Juneau Alaska

I've been dreading writing a market condition report for Juneau for several weeks. I've enjoyed working fewer hours over the holidays, and I've worked harder at qualifying buyers to save time and fuel, but honestly I was getting a little concerned. People talk about the market being slow, prices coming down and of course I spend a lot of energy talking about how it isn't so bad, real estate is always a good investment, and I've still got deals in the pipeline. You know, talk the talk.

Still, those nagging voices kept telling me how bad the market was. I finally braced myself, poured a glass of wine, and put together the numbers.

Then I put the wine away and checked the numbers again. This couldn't be right!

People in large markets are probably going to make fun of me, because I don't have commas in my numbers. Juneau just isn't that big of a place. We only have 12,000 residential dwellings in town.

Anyway, here goes. I've included what has expired in the last 30 days as well, because so many agents have a habit of putting December 31 as an expiration date (me included). Anyway, all statistics are for the last 30 days.