Debra Sinick

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

In buyers, Kirkland WA, Kirkland, WA Real Estate, Real estate, sellers on May 19, 2010 at 5:17 pm
Real Estate In Kirkland Washington in April, 2010

Kirkland Washington Real Estate April, 2010

April, 2010            362 homes for sale,         80 homes sold                      22% odds of selling a home.

March, 2010         345 homes for sale,       68 (was 75) homes sold,        20% (was 22%) odds of selling a home.*

April, 2009           446 homes for sale             35  homes sold                  5 % 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.

Where’s Kirkland WA?

The odds of selling a home in Kirkland in March were 22%.

Median price decreased from $649,000 to $575,000.

The number of homes for sale declined by 23.5% and sales were up by 102%.  The highest increase in home sales on Seattle’s eastside.

For the complete picture of Seattle-eastside real estate, check out the April blog post on eastside real estate buzz.

What’s happening with real estate where you live?


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