OK, can I be totally honest with you? I love it when people start conversations in this manner
To myself, I always think “do you usually have conversations where you are less than honest with me?“

A frozen meadow with Pioneer Peak Mt in background
What is my point here? Well, I want to tell you, like most businesses, I like the market to be robust. The market moved up gradually here in Anchorage for nearly 20 years. Things work just fine when each year is a little bit better than the previous year. Obviously, fast growth isn’t sustainable or good for the market as we’ve learned the hard way.
I am looking for signs, however small, the market has bottomed and is on the path to recovery. So check this out.
Sales of home in municipality of Anchorage have been declining each year since 2004. Look at these numbers:
Single Family Home sales (excluding condo’s) municipality of Anchorage:
2004 Annual number of home sales: 3333
2005 Annual number of sales 3272 <down 61 sales from previous year (<1.8%)
2006 Annual number of sales 3069 <down 203 sales from previous year (<6.2%)
2007 Annual number of sales 2962 <down 307 sales from previous year (<10%)
2008 Annual number of sales 2499 <down 263 sales from previous year (<9.5%)
2009 Annual number of home sales 2421 <down 78 sales from previous year (<3.12%)
This past year was the smallest decline of sales in the past four years – and the decline is marginal! Other related good news is that the inventory of existing homes seems to be declining, meaning there aren’t as many homes on the market for a buyer to slog through in their quest to buy a home.
Keep watching here for more news. If you see other signs of a market recovery please let me know.