What were the chances of a Kirkland home selling in January 2007?

As part of this blog for the Kirkland Highlands, I will look at the market performance and let you know what the sales activity was like for the previous month. I will answer this question each month:

What were the chances of a home selling a home in Kirkland this past month?

During January, 2007:

17% of the homes sold

There were 48 sales out of the 278 available homes

The month of January was a buyers' market as less than 45% of the homes sold.


How do I get this information? I look at the statistics each month which you can find in this link or on my website, www.debrasinick.com. I analyze the supply and demand for each month. If the percent of the homes selling is 45% or below, we are looking at a buyer’s market. If this percentage, which we call the absorption rate, falls between 45-55%, then we have a market balanced between buyers and sellers. A market in which 55% of the available homes sell is a seller’s market. Last year, sellers markets were found in March through June, while the rest of the year was more in the buyer’s camp.

Each week I receive information specific to each area and price range on the eastside. For example, if you want to know how many homes in the Kirkland area are for sale and sold for $750,000-$1,000,000 this past week, I can tell you. It is critical to know the absorption rate so you will know what your chances of selling will be. By examining the statistics, I am able to tell you this information. I am happy to share those facts with you at anytime so you know what is happening in the market.