Home sales in Kirkland for January were up 30.6 percent but prices were down .8 percent compared to the same time in 2014, according to the Redfin Real-Time Home Price Tracker.
“Much like the rest of the Eastside, Kirkland is grappling with a shortage of available homes for sale,” said Redfin spokesperson Kafia Hosh. “At the current sales pace, it would take 1.9 months for all of the homes on the market to sell. Six months of supply is considered a balanced market.”
A total of 94 homes were sold at a median price of $670,000, $465,500 for single family homes and $263,600 for condos and townhomes, according to numbers compiled by Redfin, a Seattle-based real estate company. The numbers only reflect transactions on the Multiple Listing Service, a local or regional database of available real estate for sale by member brokers.
Kirkland homes are spending an average of 28 days on the market.
Redfin publishes Real-Time Home Price Tracker at redfin.com.