Tag: Absorption Rate
December 2009 Condo Martket Update
December sales volume reflected marked improvement over the prior year, though condo values continued to slide.
November 2009 Condo Market Update
Buoyed by the first time home buyers tax credit, condo sales skyrocketed 58.2% last month while the median price dipped.
October 2009 Seattle condo market update
The Seattle condo market rebounded in October with increases in sales, number of closings and median price, likely fueled by the rush to qualify for the first time home buyers tax credit.
September 2009 Seattle Condo market update
Seattle’s condo market kept churning through September even though the citywide median price fell to $259,250. The number of properties going under contract and closed increased over August, while available inventory and the condo supply rate decreased.
August 2009 Seattle condo market update
The median Seattle condo price inched up 3.8% to $280,274 last month. Though that’s still below last August’s median price by 9.6%, the year-over-year gap continues to narrow.
July 2009 Seattle condo market update
Seattle’s median condo price dropped to $270,000 in July; condo sales are showing signs of slowing.
June 2009 condo market update
The median Seattle citywide condo price dipped last month to $280,000, which reflected a year-over-year and one-month drop of 12.5% and 7.9%, respectively.
May 2009 Seattle condo market update
Seattle’s condo market continues to improve. Last month’s market results reflected a bump in median price, increased sales volume and the lowest inventory supply rate since November 2007.
January 2009 Seattle condo market update
The median Seattle condo price rose to $335,000 last month, a record high and an 9.84% increase over January of last year. Unfortunately, that was due to high-end unit closings in downtown (MLS area 701) rather than an overall market improvement.
December 2008 Condo Market Update
Bucking conventional wisdom December results turned out better than had been prognosticated. The median price rose to the second highest monthly level in 2008, the inventory supply continued to fall and more offers were went under contract.
