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”
Author:Jo Soss
Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.
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Welcome to the year 2012! I am calling a Buyer's market in Kent WA. It's all about supply and demand with any type of product and a house is no different. Currently in Kent WA there are 407 homes on the market, 67 homes pending their inspection and 157 homes that are pending having already had their inspections. These 67 homes will most likely close and ownership transfer in the next 30-90 days. In January 43 of those 157 went pending with 9 pending inspection and 12 pending SS. There are a total of 69 homes currently in the SS pending status. These homes are waiting for the underlying lien holder to approve the short sale price submitted. 
