As with most aspects of life, everything is a matter of perspective. A rebounding national real estate market means sellers who were underwater may be able to sell now, which gives buyers more choices. However, prices are still well below market highs. How does Anchorage’s real estate market stack up to national statistics?
According to the National Association of Realtors’ (NAR) snapshot of 146 metro marketplaces in May, the national real estate market has definitely made a turn. The hardest-hit areas, like California, are seeing the most rebound. California took the honors with the top three locations for May:
Oakland, median list price of $484,900 — an increase of 47 percent year over year;
San Jose, median list price of $675,000 — an increase of 35 percent;
San Francisco, median list price of $819,900 — an increase of 20 percent.
This double-digit growth is the third consecutive month of increase, when comparing 2013 to 2012, according to CoreLogic Case-Shiller Home Price Index. However in the longer term, this was the 15th month-over-month increase. Home prices rose in all states except Delaware and Alabama.
When comparing states, the top five states with the highest percentage of price increases were Nevada (26 percent), California (20.2 percent), Arizona (16.9 percent), Hawaii (16.1 percent) and Oregon (15.5 percent). Overall prices are still 20 percent below the 2006 pre-financial crisis peak.
Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor » Blog Archive » As real estate market rebounds, Alaska recovery is slow, steady | Bedford Corners Real Estate.