Kirkland, WA Real Estate Sales, Sept 2010
September, 2010 387 homes for sale 49 homes sold 13% odds of selling
August, 2010 369 homes for sale 51(was 53) homes sold 14% odds of selling.*
September, 2009 418 homes for sale 50 homes sold 12 % odds of selling
*(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. So if the odds are 10% then 10 out of 100 homes are selling.
Where’s Kirkland WA?
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The median price in Kirkland increased from $549,950 to $599,000. Remember the median price for each month only reflects the home sales for that particular month. It’s important to track pricing over several months to get a more accurate reading. Prices look as if they’ve gone up, based on the last two months sales. But please take this with a big grain of salt and look at the entire year.
Kirkland home sales have been fairly steady since May, with about 45-50 homes selling most months. The best two months so far for the year were in March and April as buyers rushed to buy before the tax credit. Ironically, there’s a great selection of homes, terrific interest rates, and a lot less competition from buyers right now.
What do you see happening in Kirkland real estate? Could it be fears about the election are holding people back?
Kirkland Highlands Real Estate Buzz
