It’s been a great year for real estate in Kirkland! As the year has progressed, we’ve seen the inventory drop considerably, but the number of home sales has remained strong. Fewer homes were sold in November than October. In October 86 homes sold and 55 sold in November. Still none too shabby!
The number of homes for sale dropped by almost 25% from October to November, so there were fewer homes to buy in November than in October. Contrast this with a year ago when 188 homes, 42% more, were on the market and 52 homes sold. The number of sales is very similar to last year, but the number of choices for buyers has dropped considerably.
We expect the number of homes for sale to continue to decline into December.
With the low inventory, if you’re thinking of selling your home in 2013, it’s probably best to start earlier in the year. The real estate market, with these fabulous numbers, will be on your side.
If you’d like more information about the value of your home, please feel free to contact me.
Happy Holidays and all the best in the new year.