Debra Sinick

What Were The Odds of Selling Your Kirkland Home in January, 2010?

In buyers, Kirkland, WA Real Estate, market statistics, Real estate, sellers on February 15, 2010 at 11:25 am
Kirkland Home Sales in January, 2010

Kirkland Real Estate Sales, Jan 2010

January, 2010         316 homes for sale,        72 home sales                      23% odds of selling a home.

December, 2009    321 homes for sale         49 (now 44)  home sales     15 (now 14)% odds of selling a home.

January, 2009        373 homes for sale         35 home sales      (now )% odds of selling a home.*

*(Reflects the revised percentage of homes sold because some home sales failed.)

The odds of selling is another way to characterize the “absorption rate” in which we take the number of homes sold in a particular month and divide it by the number of homes on the market. This number tells us what the odds are that a home will sell.

If you click on this link, you’ll see the MLS charts which show the real estate trends, including median price, for the past five years in Kirkland.

Real estate is back on track in Kirkland!  The absorption rate is the highest I’ve in years.  Not only did Kirkland real estate end 2009 on a positive note, the beginning of 2010 is off to a great start. Fewer homes are on the market and more homes are now selling.   Prices are not going up, which is true just about anywhere these days, except in some neighborhoods of Seattle.  Median pricing is down to $499,950, while the number of sales increased by 90%.

I am hopeful the 2010 home buyer tax credit, which now includes most buyers, will continue the positive trend in Kirkland real estate sales, particularly through the first quarter of 2010.

For the complete picture of home sales on Seattle’s eastside, check out my eastside blog post.

The Seattle Times talked about the uptick in real estate sales in January, 2010

What do you see happening with real estate in Kirkland?


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