West of Market Kirkland Washington Months of Inventory July 2014

West of Market Kirkland Washington Months of Inventory July 2014

 

One gauge that we use is called "Months of Inventory" which is a term we use that captures the absorption  rate in the market. That is,  what is the amount of time it would take to sell all current listings at the current sales pace if no new listings became available?

West of Market Kirkland Washington Sellers



In January 2011 Months of Inventory for single-family residential homes in West of Market was one month of inventory which was to the advantage of sellers.  It held steady except in April 2012 with 12 months of inventory then again in July 2014 with 17 months of inventory which was in favor of buyers.

 

West of Market Kirkland Washington Sellers

Overall for the last two years since January 2011 through July 2014 West of Market in Kirkland, Washington favors sellers. This probably isn't "news" to many but I like to share the numbers so that readers can see for themselves.

 

 

Whether buying or selling real estate in Kirkland, Washington, call Lana for a FREE market analysis at (425) 290-3114.

 

 

 

* Source: Northwest Multiple Listing Service (NWMLS.) The NWMLS did not compile or publish this information. Information is believed to be accurate but should not be relied upon without verification.

Lana Robbins, Managing Broker, Realtor ®

Phone (206) 445-8034
Email: Lana (at) AlohaKaiRealEstate.com

Ed Hinman, Vice President

Phone (206) 445-8034

Email: Info (at) AlohaKaiRealEstate.com

 

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Lana and EdAloha Kai Real EstateWe are commited to Fair Housing Laws

 

We are committed to Fair Housing Laws and are an Equal Opportunity Employer.

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