Home Prices Are Up Everywhere Except Alaska

August 3, 2017

The real estate market has chilled a bit in Alaska.

According to Realtor.com, Alaska home prices dipped 0.6 percent in June from the year before, possibly due to a slowdown in the oil markets.

On a national level, prices went up 1.1 percent on a monthly bases and 6.7 percent year-over-year. The 49 other states had positive home price appreciation.

Washington had the highest increase in home prices, going up 12.7 percent year-over-year in June. Utah (10.7 percent), Colorado (9.2 percent), Idaho (9.1 percent), and Oregon (9 percent) also had significant price swings.

June had the lowest number of properties for sale in the second quarter of a year in more than 30 years. That's driven prices up to almost 50% more than what they were at the nadir of the housing market, in March 2011, during the depths of the financial crisis.

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