Kent WA Real Estate | Homes that Sold March 2012

Kent WA Real Estate - Homes that Sold March 2012

The following chart shows the properties that have sold during the proceeding months.  For the month of March there were 114 homes that sold - which means they closed and transfer of ownership was recorded at the King County Courthouse.  That is a huge jump in solds for the last 12 months, in fact the larges closing month in the last 12 months.  That is 30% over March 2011.  Lets look at what this means in the next chart. 

Below is the chart that shows the Months supply of Inventory.  Inventory in the Kent area is WAY down - down 60% from March 2011. The data shows that it is a seller's market currently in Kent!  

This next chart shows you how many properties went under contract during the month of March in Kent.  These homes show as pending.  Another huge increase over 2011.  Maybe buyers are getting off that fence and do believe that the bust is over.  Is it?  Prices still are on the decline driven of course by foreclosures and short sales. 

Below you will find the Medain Sold price by Month.  In the Kent real estate market price have continued to decline with a 6% decline over March 2011.  Median Sold price is currently at $210,000. 

“Statistics not compiled or published by NWMLS.” Equal Opportunity Housing All information deemed reliable, but not guaranteed”