June, 2009         453 homes for sale     66 homes sold,     14.5% chance of selling.

Kirkland Real Estate, June 2009

May, 2009      474 homes for sale,  51 homes sold,   11% chance of selling

June, 2008            490  homes for sale,      64 homes sold,    13% chance of selling a home.

There was a 14.5% chance of selling a home in Kirkland in June, 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.

(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.  The numbers may vary, depending on when the data is retrieved.)

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 June there was a 14.5% chance of selling a home in Kirkland.  Out of 100 homes for sale, 14-15 homes received and accepted offers.   It’s interesting to see this past June’s real estate sales mirror the real estate activity from June, 2008.

The odds of selling a home in Kirkland are getting stronger as 2009 progresses. The number of homes for sale has increased  from the first of the year, however, the odds of selling a home in Kirkland have almost doubled in the last few months.

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