The Seattle Condo Blog | Seattle Condos and Lofts

Seattle condo sales slowed slightly in April, though inventory remains tight and prices continue to rise.

The Seattle condo market is in full Spring swing where buyers are facing a competitive sales environment with rising condo values, plateauing inventory and strong sales velocity.

Seattle’s condo market was on fire last month: the median sale prices spiked 28.2% over last year, inventory remained low with limited selection, and increasing multiple bidding occurrences.

The Seattle condo market was off to a fast start in January with improving values and a huge spike in sales activity that is outpacing inventory.

Seattle condo sales dipped to a 24-month low in December, yet median sale prices continued to improve amid shrinking inventory.

November reflected another solid month for Seattle’s condo market which managed a fourth consecutive month of improving median sale prices and steady condo sales.

Seattle’s condo market experienced an October Surprise with a double-digit increase in the citywide median sales price and improved sales activity.

The median Seattle citywide condo sales price increased 4.17% over last September and has been stabilizing over the past few months. Condo sales activity continues to out-perform 2011, but the seasonal change will slow sales volume through the remaining quarter.

The Seattle condo market continues to exhibit its buoyancy with a slight bump in year-over-year median sale prices, strong sales activity and declining inventory.

The June condo market results reflected more of the same that Seattle has been experiencing – rising median sale prices, low inventory and strong sales volume activity.