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So I’m at the office working on a new listing this morning when the first sign of Summer goes strolling past my window. In Seattle, when we think of Summer and Solstice, we think the Fremont Solstice Parade.
The start of the New Year heightened the frenzied pace of Seattle’s condo market with rising values as demand continues to outpace supply.
The Seattle condo market experienced another phenomenal year of growth in unit sales and condo values in 2016.
Effective January 27, 2017 FHA is reducing its mortgage insurance premium rate saving buyers hundreds of dollars annually. Though, it’ll provide a negligible benefit for Seattle condo buyers.
The Seattle condo market ended on a high note to close out the year with a bump in the median sales price to $426,000 even as unit sales activity slowed for the holiday season.
The Seattle citywide condo median sales price increased 11.53% last month amid slowing sales and declining inventory.
Seattle Condos and Lofts