Alaska Real Estate Market Update — September 2026
Alright, here’s what I’m seeing in the market right now.
There’s been a lot of talk this year about interest rates, home prices, inventory, and whether the market is finally shifting in favor of buyers.
Some of that is true.
But the actual numbers are a little more interesting.
I pulled the current residential supply and demand numbers for Anchorage, Eagle River, Palmer and Wasilla and compared them to where we were back in May.
Buyers have a lot more to choose from than they did this spring.
But that has not translated into falling prices across the board.
Quick Look: May vs. September
| Market | Active May | Active Sept. | Avg Sold May | Avg Sold Sept. | Inventory |
|---|---|---|---|---|---|
| Anchorage | 184 | 404 | $546,038 | $568,448 | 2.10 mo. |
| Eagle River | 35 | 60 | $519,883 | $561,515 | 1.75 mo. |
| Palmer | 77 | 100 | $496,883 | $507,120 | 2.50 mo. |
| Wasilla | 150 | 262 | $458,343 | $474,464 | 3.40 mo. |
So right away you can see the big change: inventory is up. A lot.
Anchorage has more than doubled from 184 active homes in May to 404 today. Wasilla jumped from 150 to 262. Eagle River went from 35 to 60, and Palmer increased from 77 to 100.
At the same time, average sold prices increased in every one of those areas.
Anchorage
Active inventory went from 184 homes in May to 404 homes today — roughly a 120% increase.
Months of inventory rose from 1.01 months to 2.10 months.
At the same time, the average sold price increased from approximately $546,000 to $568,448.
My take
Anchorage has definitely loosened up compared to spring.
Buyers aren't staring at the same painfully small pool of houses anymore, and they have a little more room to be selective.
But I wouldn't call this a weak market. Homes that are priced correctly and show well are still selling.
Eagle River
There are currently 60 active homes, compared with 35 in May.
That's about a 71% increase in inventory, but the market still has only 1.75 months of supply.
Average sold price increased from approximately $519,883 to $561,515.
My take
Eagle River continues to be one of the tighter markets locally.
There are more homes available than there were this spring, but good inventory is still getting absorbed pretty quickly.
Palmer
Inventory increased from 77 active homes in May to 100 today.
Months of inventory increased from 1.98 to 2.50 months.
Average sold price increased modestly from approximately $496,883 to $507,120.
My take
Palmer feels more balanced than it did earlier in the year.
Buyers have more options, especially once you get into the upper price ranges, and sellers probably need to be a little more thoughtful with pricing.
Wasilla
There are currently 262 active homes, compared with 150 in May.
That's almost a 75% increase in inventory.
Months of supply jumped from 1.94 months to 3.40 months.
Average sold price still increased from approximately $458,343 to $474,464.
My take
This is probably the most buyer-friendly of the four markets right now.
Three-plus months of inventory is a meaningful difference from what we were seeing earlier this year.
It doesn't mean sellers are in trouble, but buyers have more choices, and sellers can't necessarily throw a number at the wall and expect multiple offers.
So... Is This a Buyer's Market?
Not really. At least not across the board.
What I think we're seeing is a normalization of the market.
Inventory is rebuilding. Buyers finally have more than a handful of homes to choose from. Negotiations are becoming more common.
But home values haven't collapsed.
Actually, average prices have increased in every market we looked at since May.
What This Means If You're Selling
I would still feel very comfortable selling in this market.
You just have to be realistic.
The properties that are selling quickly generally have three things going for them:
Good condition. Good presentation. Good pricing.
What This Means If You're Buying
Honestly, buyers are in a much better position than they were earlier this year.
There are more homes to look at, more opportunities to negotiate, and in some price ranges sellers are becoming much more receptive to concessions.
The catch is that the really good houses still move.
Want to Know What Your Neighborhood Is Doing?
These are broad market numbers.
Your neighborhood, property type and price range can look completely different.
If you're thinking about buying, selling, investing, or you're just curious what your home would realistically sell for right now, feel free to reach out.
I'm happy to pull the numbers.
James Cash
Real Broker, LLC
Properties of Alaska
Market statistics sourced from Alaska Multiple Listing Service supply and demand reports. MLS data may not reflect all real estate activity.