Kirkland Home Sales, May 2009

May, 2009                348 homes for sale,       42 homes sold,   12% chance of selling

April  2009          331 homes for sale       28 homes sold,     8% chance of selling a home.

May, 2008            411  homes for sale,      33 homes sold,    8% chance of selling a home.

(The chart above shows the real estate activity for Kirkland single family homes from March, 2008 through May, 2009.  There’s a slight difference in the actual numbers between the Trendgraphix chart above and the MLS statistics I receive from Windermere Real Estate, but the trends are the same in each chart.  Actual numbers may vary slightly, depending on when the data is retrieved.)

There was a 12% chance of selling a home in Kirkland in May, 2009.  If you click on the link, you’ll see the MLS charts I’ve been using in the past. The charts will also show the median price range and  the trends for the past five years.

The chances 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.  In May there was a 12% chance of selling a home in Kirkland.  This means out of 100 homes, 12 homes received and accepted offers.

The odds of selling a home are getting better in Kirkland! The number of homes for sale has increased slightly over the last few months, however, the odds of selling a home in Kirkland have increased dramatically from the first of the year.  Kirkland still has a ways to go, but things are beginning to look more positive for  Kirkland home sellers.

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