Tag: Absorption Rate
November 2008 Condo Market Update
Citywide, Seattle condo values held firm last month at $303,000. That’s up 5.4% from October and was relatively on par (-0.65%) to November 2007. Capitol Hill, North Seattle and West Seattle’s year-over-year values for November either saw a small increase or remained unchanged, while Queen Anne and Downtown realized declines. Year-to-date, the citywide median price…
October 2008 Condo Market Update
The citywide condo median price was $287,450 last month, an 8.82% drop compared to October 2007 and the forth consecutive month-over-month decline. Inventory is down but the inventory supply rate is at one of its highest levels over the past decade.
September ’08 condo market update
The condo market performed fairly well last month; aside from a median price decline it did show signs of stabilizing. Compared to August, the median condo price remained unchanged at $310,000, though that also reflected a year-over-year decrease of 6.03%.
August 2008 Seattle Condo Performance
The condo market results in August continue to exhibit the fluidity of Seattle’s condo market. The citywide condo median price rose 3.3% in August to $310,000 compared to July, though it’s down 5.3% compared to August of last year.
July 2008 Seattle Condo Market Update
July exemplified the fluidity of the housing market. After median price gains over the past couple of months, the median price took a tumble to $299,975 last month, which reflected a 4.5% decrease compared to the same period last year and the fourth year-over-year decrease this year.
June 2008 Condo Market Update
June exhibited a solid month for Seattle’s condo market. Though unchanged from May, the citywide condo median price of $320,000 reflected a 6.7% increase over June of last year, marking the second consecutive year-over-year increase since December. In fact, most neighborhoods recognized value appreciation last month.
Seattle Condo Market Update – Nov 2007
Lets start with the bad news first. The median price for Seattle condos fell for the third consecutive month; it now stands at $305,000, a 3.3% decrease compared to October. And, as we’d expect with cyclical patterns, fewer condos were sold last month, though pendings transactions remained unchanged. The good news? Overall, Seattle’s condo market…
