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

A seller had a 28% chance of selling a home in March of 2007, similar to February’s chance of 29%. Sellers still did a lot better than the start of the year when only 17% of the listings sold.

So how did March do this year compared to last year and last month?

Did you notice all the for sale signs that popped up the past month? I saw a spike in homes available for sale in the Highlands. In Kirkland there were 290 homes and condos for sale, an increase from the 275 properties on the market in February of this year.

So how many homes sold?

We saw sales of 82 properties in Kirkland in March. Eighty-nine sold in March of 2006 and 82 sold in February, 2007. As you can see, the amount of sales are very much the same. The inventory has just increased this year, so the percentage of sales is less this year than last.

Last year at this time, the market was really going great guns. There was a 36% chance of selling a home or condo in Kirkland. In the previous statistics blog, I mentioned March is traditionally one of our best times to sell. In fact, spring is usually more of a seller’s market. In Kirkland, the number of sales has remained fairly constant, but this March sellers have more competition because of the higher
inventory.

Take a look at the monthly statistics charts:


http://debrasinick.com/docs/2007_Year_to_Date.pdf