What’s Happening in the Alaska Market - Insights from Dave & Travis

by David Johnson

Here’s what we’re seeing in the market right now.
 
Active vs. Pending
 
In several areas, the number of pending sales is higher than the number of active listings. That tells us buyers are still out there and homes are still moving, even with interest rates and affordability being part of the conversation.

The Mat-Su Core area is sitting at about 104% pending-to-active, which is a little more balanced compared to Anchorage, Eagle River, and the condo markets. Anchorage residential is at 177%, Anchorage condos are at 184%, Eagle River residential is at 194%, and Eagle River condos are at 180%.

What this means for sellers:
If your home is priced right, prepared well, and marketed properly, there is still good buyer activity. The market is not as wild as a few years ago, but good homes are still getting attention.

What this means for buyers:
There are still opportunities, especially in the Mat-Su Valley where there are more active listings compared to some other areas. But if you see the right home, it is still important to be ready and move with a plan.

Bottom line: this is not a “one-size-fits-all” market. Each area is moving a little differently, and that is why local numbers matter.

If you’re thinking about buying or selling this spring, Travis and I would be happy to help you look at what these numbers mean for your specific situation.
 
Number of Sales & Sales Price
The next thing I like to look at is where the sales are actually happening and what price points are moving.
 
For this update, Anchorage residential had the highest number of sales with 377, followed by Mat-Su Core with 342 sales. Anchorage condos came in at 224 sales, Eagle River residential had 98 sales, and Eagle River condos had 15 sales.

On pricing, Anchorage residential showed the highest sales price at about $546,000, followed by Eagle River residential at $528,000. The Mat-Su Core area came in around $457,000, while Anchorage condos were around $264,000 and Eagle River condos around $333,000.

What this means for sellers:
Sales are still happening, especially in the main residential markets. But buyers are also watching value closely. Pricing correctly from the start matters. If a home is overpriced, buyers will usually move on to the next option.

What this means for buyers:
There is still movement in the market, but each area has a different price point. Mat-Su continues to offer more space and value compared to Anchorage and Eagle River, while condos may be an option for buyers looking for a lower entry price.

Bottom line: the market is active, but it is also very local. The right strategy depends on where you are buying or selling, the condition of the home, and how it compares to what else is available.
 
Anchorage Residential & Condo: 2026 vs. 2019
The last chart compares where Anchorage residential and condo markets are today compared to 2019.
 
For Anchorage residential, active listings are much lower now 133 active listings in 2026 compared to 510 in 2019. Pending sales are also lower than 2019, but because inventory is so tight, the pending-to-active ratio is much stronger today. Homes are also selling faster, with average days on market at 38 days compared to 69 days in 2019.
Prices have also moved up quite a bit. The average sales price for Anchorage residential is around $546,000 in 2026, compared to $357,000 in 2019.

For Anchorage condos, we’re seeing a similar pattern. Active listings are down from 297 in 2019 to 64 in 2026, and average days on market dropped from 83 days to 38 days. Condo prices are also higher, with the average sales price at $264,000 compared to $208,000 in 2019.

What this means:
Even though the market feels different than the low-rate years, inventory is still much tighter than it was in 2019. That helps explain why prices have stayed firm and why well-priced homes are still moving.

For sellers, this means you may still have a strong opportunity, especially if your home shows well and is priced correctly.
For buyers, it means preparation matters. There are fewer choices than a normal 2019-style market, so it helps to be ready when the right property comes up.

Bottom line: Anchorage is not seeing the same inventory levels we had before COVID. The market has cooled from the frenzy, but it is still being supported by low supply and steady buyer demand.
 
 

 

Whether you're buying, selling, or just planning ahead, now’s a great time to chat about your options.  I’m here if you need a strategy that fits your goals!
 

LET US BE YOUR TRUSTED GUIDE

Call or text Dave now at 907-863-7289
Call or text Travis now at 907-575-6779

davesalaskahomes@gmail.com

http://www.DavesAlaskaHomes. com

David Johnson

David Johnson

Broker Associate | License ID: 15839

+1(907) 863-7289

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