The Seattle Condo Blog | Seattle Condos and Lofts

The first quarter 2012 results reflected increased closed condo unit sales, but lower sale prices compared to the first quarter last year.

The Seattle condo market tightened in March as condo sales took off and new listing inventory continued to shrink, resulting in a seller’s market environment.

Seattle’s falling median sales prices, along with vigorous sales activity and shrinking inventory shifted Seattle towards a seller’s market last month.

2011 reflected continued adjustments to Seattle’s condominium prices. With a few exceptions, median condo sale prices declined in virtually every neighborhood throughout Seattle.

Seattle’s median condo sales price reached a 9-year low in January falling to $208,000; sales were off a bit but the number of closings improved.

2011 turned out to be pretty good for Seattle’s condominium market – lower prices drove strong sales activity, several projects closed out and inventory returned to pre-construction boom levels.

Seattle’s condo market the continued the trend we’ve seen for most of the year — strong sales activity and lower selling prices, down 6.77% compared to last December.

Closed Seattle condo sales jumped 44% last month amid a tightening inventory supply and falling prices.

Seattle’s condo market reflected another month of strong sales velocity, constricting inventory and falling condo prices.

September’s Seattle condo market results continued the trend we’ve seen throughout the year – consistent sales volume and declining condo prices.