How’s the Housing Market, Really? Take This Quiz.

1.  Are the number of single family home sales down for the first eight months of this year compared to 2015?

If your answer is yes, by what percentage?

 

2.  What is the 2016 average sales price of a single family home in the MOA?

A.  $320,000

B.  $350,000

C.  $366,000

D.  $373,000

 

3.  Is this sales price higher or lower or about the same in comparison to the last year?

 

4.  How many million dollar homes sell per month?

A.  1

B.  3

C.  5

D.  More than five

 

5.  What price range has the most sales?

A.  $250,000=$300,000

B.  $300,000-$350,000

C.  $350,000-$400,000

D.  Above $500,000

 

6.  What is the average days on the market in 2016 for a single family home?

A.  47

B.  67

C.  77

D.  87

 

7.  Have condo sales declined this year and if so by what percentage?

A.  3

B.  6

C.  8

D.  10

E.  13

 

8.  What is the average price of a sold condo?

A.  $212,100

B.  $210,600

C.  $215,000

D.  $225,000

 

9.  How many condos sell in a month?

A.  65

B.  75

C.  91

D.  100

 

10.  What was the average price of a sold condo in August 2016?

A.  $225,000

B.  $215,000

C.  $200,000

D.  $205,000

 

11.  What is today’s mortgage rate for a 30 year fixed loan?

 

12.  What area in Anchorage has the highest average sales price?

 

13.  According to the National Association of Home Builders, what percent of brand new $400,000 home is attributed to regulation?

A.  4%

B.  8%

C.  16%

D.  24%

 

14.  What real estate brokerage has the highest average sales price in the state of Alaska?

 

Answer Key: 1. Yes, 270    2. C   3. About the same   4. A    5. B   6. A   7. D   8. B   9. C  10. C   11. 3.5%   12. Area 25 ~ DeArmoun Road to Potter Marsh   13. D   14. Dwell Realty