In 2005 we had 12.39% increase in sales prices. In 2006, 7.98% increase and then in 2007 we saw 3.71% increase in values. By 2008 we were declining in price by .35%, and again in 2009 by 1.5%.
When values increase by more than 4% per year, that is not sustainable in most markets and you will see a price correction. The government and our economy know that 4% is the key to a healthy economy and housing market.
Here are the the increases in the average sales prices in the last 3 years:
That's pointing us to a very healthy Anchorage housing market and since I lost my crystal ball years ago, my expertise of over 9 years selling real estate and researching current and past data, 2015 should be another steady and stable housing year for us. Buyers should consider buying and not be scared of a market crash. Interest rates are still incredibly low and you can lock in your housing cost for years to come by purchasing a great deal today!