Juanita Condos in Kirkland Washington Months of Inventory September 2013
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?
In February 2013 there was one month of inventory in the start of the year which was advantageous to sellers. It held steady through July 2013 then increased up to two months of inventory which in the favor of sellers:
This is similar for single-family homes in Juanita. You can read my latest report here.
There is no crystal ball that will predict the real estate market in the future. These numbers can change at any time and really depends on the people... supply and demand.
If you are thinking about selling your condo in Juanita this may be a great time to sell.
Contact me 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.