The number of homes sold in Fairbanks dropped for the second straight week to a low of sixteen. The average sales price rose almost 10% to $214,253 while the days on the market increased 37.5% to an average of 66. The number of active listings is also up to a total of 552, putting the absorption rate this week at 4.8 months. 81% of the sales occurred in Fairbanks with only 1 new construction property closing out of almost 140 on the market.

Homes Sold Week Ending November 16, 2007

Average Sales Price Week Ending November 16, 2007

Average Days On Market Week Ending November 16, 2007

Fairbanks Alaska Market Statistics - Knowledge is power!