Bridle Trails 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 January 2011 Months of Inventory for single-family homes in Bridle Trails was 11 months which was to the advantage of buyers. Since then the tide has turned. In September 2013 it sharply decreased to two months of inventory which is in the favor of sellers.
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 home in Bridle Trails, 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.
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