Kirkland WA Real Estate Sales for June 2010

June, 2010           356 homes for sale,          45 homes sold                      13% odds of selling.

May, 2010            374 homes for sale,         52 (was 56) homes sold            14% ( was 15)% odds of selling a home.*

June, 2009           453 homes for sale             50  homes sold                  11 % odds of selling a home.

*(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?

Kirkland’s median price increased from $596,925 to $624,950, which is interesting since most Seattle-eastside areas showed a decline in real estate prices.  The number of Kirkland homes  sold in June  dropped by 28% compared to last June, 2009.  However, the number of homes for sale is a lot less than last year, too, with 19% less Kirkland homes for sale.