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When Is the Best Time to Sell a House in Alaska?

If you're thinking of selling your Alaska home in 2020, here are the best (and worst) times of year to do it, by the numbers.

If you're thinking of selling your Alaska home in 2020, here are the best (and worst) times of year to do it, by the numbers.

Updated March 20, 2020

When selling a home in Alaska, timing isn't everything; however, it can certainly influence how long it takes and the price you're ultimately able to get.

If you have some flexibility with your sale, it's worth doing some market research to boost your chances of getting the best outcome possible.

In terms of price, the best month to sell a house in Alaska is September. The median sale price for Alaska homes in September is $306,761, which is $2,964 more than the annual average.

The best month to sell a house fast in Alaska is June. Alaska homes sold in June are on the market for an average of 70, which is 25 days faster than the annual average.

Of course, this is just a small piece of the overall picture. Below, we've compiled some of the most important data to consider before deciding when to sell your Alaska home, including monthly inventory, sale prices, sale-to-list ratios, days on market, and more.

The best time of year to sell a house in Alaska

Determining the “right” time to sell your house is somewhat subjective, as it really depends on your specific goals and circumstances. That said, if you're like most sellers — i.e., your top priorities are selling high and fast — here's when you should list your Alaska house.

Best month for:MonthTypical sale price premiumDays sold faster than average
PriceSeptember$2,9649 days
SpeedJune$2,18825 days

Source: Zillow Research, Jan-Dec 2019

Importantly, these trends can vary from region to region. The table below shows the most lucrative months to sell for four major cities in Alaska.

CityBest month to sellTypical sale price premium
AnchorageDecember$15,417
FairbanksOctober$34,773
JuneauDecember$39,583
KetchikanDecember$6,382

Source: Zillow Research, Jan-Dec 2019

Alaska real estate market trends

Zooming back out to the national level, housing market activity — that is, the number of active listings and sales — is cyclical, peaking in late spring and hitting its annual low towards the end of the year.

Active listings and volume of home sales since 2016

Source: Realtor.com, Jul 2016-Feb 2020

As you can see above, the overall volume of pending sales — which is a good gauge of buyer demand — reliably spikes in May. So is listing in late spring always going to be the best move? Not necessarily.

That corresponding spike in inventory (number of active listings) also means more competition. Depending on factors like your property's age, condition, location, etc., this could actually make it more difficult and/or expensive to sell.

Moreover, these trends vary considerably on state, regional, and local levels. To provide a more comprehensive picture of seasonal housing market trends in Alaska, we've compiled some of the most important data points below, along with some simple definitions and advice.

Median sale price in Alaska by month

Month with highest median sale priceMedian sale pricePremium over annual average
September$306,761$2,964

Source: Zillow Research, Jan 2019-Dec 2019

Median sale prices can help you understand when home sale prices for Alaska homes are typically at their annual high and low. When you zoom out and look at median sale prices over the course of a larger span of time — say, several years — it can also indicate broader trends, like home value appreciation and increasing buyer demand. The graph below shows median sale price trends in Alaska during 2019.

MonthMedian sale price in Alaska
January$298,565
February$299,968
March$301,826
April$304,421
May$305,357
June$305,985
July$305,858
August$306,663
September$306,761
October$305,012
November$303,149
December$302,001
Annual average sale price in Alaska$303,797

Source: Zillow Research, Jan 2019-Dec 2019

>> MORE: Strike quick on a hot market with a faster way to sell your home for top dollar.

Median days on market (DOM) in Alaska by month

Fastest month to sell in AlaskaMedian DOMDays sold faster than average
June70 days25

Source: Redfin Data Center, Jan 2019-Dec 2019

Days on market — or DOM — is commonly defined as the number of days from when a property is officially listed on a multiple listing service (MLS) and a sales contract is signed.

When a market has a low median DOM, that's usually an indicator of favorable conditions for sellers, i.e., a high demand among buyers. Conversely, a higher median DOM signifies low demand, meaning less favorable conditions for sellers. Remember, seasonality can be a big factor, particularly in regions with bigger weather swings throughout the year. Moreover, demand can vary considerably from neighborhood to neighborhood. Talk to your realtor for an accurate read on current — or seasonal — market conditions in your area, specifically.

MonthMedian days on market in Alaska
January134 days
February122 days
March126 days
April80 days
May71 days
June70 days
July74 days
August80 days
September86 days
October87 days
November98 days
December110 days
Annual average DOM in Alaska95 days

Source: Zillow Research, Jan 2019-Dec 2019

When should you sell your Alaska home?

Sometimes life changes — expected or not — can require selling during a slower month or time of year. That's ok! The most important factor in deciding when to sell your house is you. Consider your own needs, financial situation, and timeline above everything else.

If your reason for selling is relatively flexible — say, you're looking for a bigger house or more convenient neighborhood — it might be worth trying to time your sale; however, waiting for peak market conditions isn't worth missing, say, a great job opportunity or putting off an important life goal, like retirement.

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Jamie Ayers

Jamie is the Director of Content at Clever Real Estate, the free online service that connects you with top real estate agents and helps you save thousands on commission. In the past, Jamie has managed columns for clients in a variety of leading business publications, including Forbes, Inc., CEO World, Entrepreneur, and more. At Clever, Jamie's primary goal is to provide home sellers, buyers, and investors with the information they need to successfully navigate the ins and outs of the real estate industry.

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