Debra Sinick

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

In buyers, Kirkland WA, Kirkland, WA Real Estate, Real estate, sellers on September 16, 2010 at 9:28 am
Real Estate Activity in Kirkland, August, 2010

Kirkland Real Estate Sales, August 2010

August, 2010       369 homes for sale         53 homes sold                   14% odds of selling

July, 2010            376 homes for sale         52 (was 58) homes sold   14%  (was 15 %) odds of selling

August, 2009      428 homes for sale         69  homes sold                  16 % odds of selling

*(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 median price in Kirkland increased from $581,919 to $641,000. Remember the median price for each month only reflects the home sales for that particular month.  It’s important to track pricing over several months to get a more accurate reading.

Home sales are on par with the last few months and slightly less than last year at this time.

What do you see happening in Kirkland real estate?

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