Anchorage Housing Market Stable Despite Population Dips
Anchorage, AK is seeing a decline in its population however, the housing market doesn't show any signs of a drop coming anytime soon. the market remains stable as single-family home sales are still balanced.
"The average home sale price in 2017 was $365,023, not much of a difference from the average of $366,080 the year before, according to data from broker-owned cooperative Alaska Multiple Listing Service. Through the first two months of 2018, the average home sale price was $353,764," according to National Mortgage News.
"It's still too early to say how this year will round out, said Bethany Stamper, a real estate agent at Coldwell Banker Best Properties in Anchorage."
The Anchorage population has been on a decline for the past couple of decades, though, the city seems to still have a strong presence in the housing market. The report also reveals that the city is a seller's market with low inventory.
To learn more about Anchorage's population decline but stable housing market, click on the image above.
