Kirkland real estate activity is performing very much like the majority of the Eastside. Most home sellers on the Eastside had a 30% chance of getting their homes sold. In May, Kirkland sellers, much like the rest of the Eastside, had a 31% chance of selling a home. The chances of selling were up just a hair by 1% from April's chances of selling a home. However, the chances of selling were down from last year, when 41% of the sellers received offers for their homes during the month of May.
Both inventory and sales have shot up. It is amazing to see the number of "For Sale" signs in The Highlands now when there was only a handful on the market in February. Fortunately, the number of sales has increased proportionately, so sellers chances of getting a home sold in The Highlands has been pretty constant this year.
If you look at my blog, http://www.eastsiderealestate.com/, you can see how all of the Seattle/Eastside real estate market is performing.
http://debrasinick.com/docs/560%20Graph%20for%20May%202007.pdf
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