The Seattle Condo Blog | Seattle Condos and Lofts

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.

Not much is new with Seattle’s condo market — sales volume increased but median prices fell well below 2010 levels in August.

The Absorption Rate is an indicator of market condition and demand.

July was a challenging month for Seattle’s condo market with a downward pressure on prices despite improved sales.

Seattle condominium sales activity was solid in June 2011 while condo prices remained soft.

Prices continue to fluctuate but with more affordable condos available, sales volume activity remain steady.