The number of homes for sale in Eagle River, Alaska continued to decline last week. A total of 13 homes came off the market (either came under contract as sale pending or closed) while only 2 new listings came onto the market during the same period. Currently, there are fewer than 100 active residential listings on the market in Eagle River.

Extension of the First Time Home Buyer Tax Credit, as well as the expansion of the program to qualified repeat buyers, is expected to entice more buyers into the market. This in turn should keep housing inventories low in Eagle River throughout the winter and into spring. To learn more about the Home Buyer Tax Credit, please see my previous blog post.

Until next time…

Best Regards,

Roger