Real Estate February 11, 2013

Pending Home Sales Are High and Inventory Is Low In Seattle And Kirkland

This information looks at the Active Listings versus Pending Sales for residential home for the week leading up to February 10th, 2013. This data shows the city and price range of the homes that have gone under contract in the last seven days compared to the active listings. North Seattle had the largest percent of homes go under contract with 33% for the week. Last year in North Seattle, that percentage was 12%. There were 343 homes listed last year compared to last week with 184 homes. Kirkland had 24% of the homes go under contract last week and last year at this time it was only 11%. In Kirkland, the active listings are currently at 125 and last year there were 209. It is amazing what a year can do. Inventory is down and the Buyers are out. The chart below has more detailed information about each area and price range.Active vs Pending 2-10-13 Prensent by John Fiala