Is now a good time to buy land in the Alaska area?
the Alaska area is currently a buyer's market with 10.6 months of supply. Buyers have more negotiating power and can take time to find the right property.
Comprehensive market data and analysis
10.6 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Teller, Alaska | ||||||
the Alaska area is currently a buyer's market with 10.6 months of supply. Buyers have more negotiating power and can take time to find the right property.
the Alaska area currently has 10.6 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
The 3-month absorption rate in the Alaska area is 9.5%. The 12-month rate is 9.5%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, the Alaska area saw 1,809 properties sold. In just the last 3 months, 453 properties changed hands.
There are currently 1,594 active listings in the Alaska area. 277 new listings have hit the market in the last 90 days. The median asking price is $89K.
The current absorption rate in the Alaska area is 9.5% (3-month basis), indicating moderate demand. The top-performing broker in this market is Redoubt Keller Williams Realty Alaska Group.
Land in the Alaska area typically sells within 125 days of listing. The median time on market is 48 days. Properties are moving slowly in the current buyer's market.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.