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We saw some good news this week in that the average days on the market dropped and the overall number of homes sold climbed by 21%. The flip side, however, is that the average sales price dropped slightly and the absorption rate broke the 6 month barrier. It looks like the earlier predictions that we would have an absorption rate of 6 1/2 months might very well come to pass by the end of the year.
Notice of Default filings are down a little this week, although overall we're still seeing far too many. 168 Default Notices have been filed so far this year. We're also seeing a growing number of Deed of Trust Modifications being recorded. If you are experiencing trouble making your mortgage, please contact your lender and open a dialogue with them. Locally, interest rates took a slight hike this week with the 30 year fixed closing out at 6.125%; rates for both Alaska Housing's Taxable and Tax Exempt program rose this week to 6.250 and 5.875%, respectively.
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Number of Homes Sold
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Average Sales Price 
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Average Days on Market
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Absorption Rate
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Notice of Default Filings 
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Active Listing's
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