Sellers had a 10% chance of selling a home in Kirkland in July, 2008.

(Click on the link above to see a chart with Kirkland’s real estate trends for the last few years.  The chart shows trends for Kirkland, south of NE 116th St.)

July, 2008              508 homes for sale, 51 sales, 10% chance of selling.

June, 2008             491 homes for sale, 81 sales, 16.6% chance of selling.

May, 2008             530 homes for sale, 51 sales,   9.6% chance of selling.

July, 2007             366 homes for sale, 82 sales,   22.4% chance of selling.

 ”It will be interesting to see how July plays out and if a trend is happening here.”  This last statement is from the comments I made in my report  on the chances of selling a home in June, 2008 in Kirkland, Washington.  Unfortunately, I don’t see the trend playing as I would’ve hoped.  July  was not a stronger month for selling in Kirkland than June.  July’s absorption rate, the chances of selling a home, is very similar to May’s absorption rate.  So far, the peak of activity in Kirkland real estate sales has been in June of this year. 

For a complete update on Eastside real estate, check out my eastside blog post.