Is now a good time to buy land in the Alaska area?
the Alaska area is currently a strong buyer's market with 14.7 months of supply. Buyers have more negotiating power and can take time to find the right property.
Comprehensive market data and analysis
We're showing Alaska State statistics below to give you a broader market picture. As more transactions occur in Wade Hampton County, Alaska, we'll update with specific local data.
14.7 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Wade Hampton County, Alaska | ||||||
the Alaska area is currently a strong buyer's market with 14.7 months of supply. Buyers have more negotiating power and can take time to find the right property.
the Alaska area currently has 14.7 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
The 3-month absorption rate in the Alaska area is 6.8%. The 12-month rate is 6.7%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
There are currently 2,047 active listings in the Alaska area. 651 new listings have hit the market in the last 90 days. The median asking price is $96K.
Over the past 12 months, the Alaska area saw 1,648 properties sold. In just the last 3 months, 417 properties changed hands.
Land in the Alaska area typically sells within 104 days of listing. The median time on market is 42 days. Properties are moving at a moderate pace in the current strong buyer's market.
The current absorption rate in the Alaska area is 6.8% (3-month basis), indicating slow demand. The top-performing broker in this market is Keller Williams Realty Alaska Group of Wasilla.
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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
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