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

A seller had a 30% chance of selling a home in April of 2007, similar to March’s chance of 29%. In Kirkland, the absorption rate has stayed fairly constant for the last few months. Sellers still did a lot better than the start of the year when only 17% of the listings sold.

We saw sales of 93 properties in April. Eighty-seven sold in April of 2006 and 82 sold in March, 2007. The amount of sales has changed slightly. However, the inventory has increased this year, so the percentage of homes selling is slightly lower.

Last year at this time, the market was a bit stronger. There was a 34% 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 April there is more competition for sellers because of the higher inventory.

Bottom line for April: Inventory continues to increase. Inventory is at the high so far for the year, with 305 homes on the market. The number of sales is similar to last year having only increased by 6 sales, but there was a 4% less chance of selling a home because of increased competition.


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