Fairbanks, AK Federal Housing Finance Agency Home Price Index (FHFA HPI)

According to the Fairbanks, AK, Federal Housing Finance Agency house price index, home equity and home prices in the area have seen a slight uptick in recent months. This is likely due in part to the fact that the area has been experiencing an oil boom, which has led to an influx of workers and an increase in demand for housing. However, it is important to note that this uptick is not as significant as it has been in other parts of the country, and that home prices in Fairbanks are still relatively affordable when compared to other markets.

The median sales price for a home in Fairbanks was $247,000 in September 2018, up from $238,000 in August 2018. This represents a 3.8% increase from last year's median sales price of $237,500. The average price per square foot for a home in Fairbanks was $170 in September 2018, up from $166 in August 2018. This represents a 2.4% increase from last year's average price per square foot of $165.

The number of homes sold in Fairbanks increased by 9.1% from August 2018 to September 2018. There were a total of 191 homes sold during this time period, up from 175 homes sold last month and 176 homes sold last year. The number of days on market decreased slightly from 97 days last month to 94 days this month; however, this is still higher than the 86 days on market reported last year at this time.

The inventory of homes for sale in Fairbanks increased by 1% from August 2018 to September 2018 but remains lower than it was one year ago at this time (when there was an 8% increase). There were 1120 homes listed for sale at the end of September 2018 compared to 1111 homes listed for sale at the end of August 2018 and 1210 homes listed for sale at the end of September 2017